Directors and Officers Coverage

Eligible Accounts
  • Hospitals that are members of the Kentucky Hospital Association
  • Other related non-profit medical entities that are members of the Kentucky Hospital Association.

Standard Coverage Features

  • Coverage for Directors, Officers, Trustees, Employees, Volunteers & Committee Members
  • Entity Coverage
  • Marital Estate Extension
  • Outside Directorship Extension for service on other Not-For-Profit Boards
  • Broad Coverage for Employment Practices Wrongful Acts & Personal Injury Wrongful Acts
  • Broad Definition of Claim, which includes non-monetary relief, administrative & regulatory proceedings and investigations
  • Definition of Employee includes Leased and/or Contracted Employees
  • Definition of Loss includes “back pay & front pay, pre & post judgement interest and punitive damages [with “most favorable jurisdiction” wording]
  • “Final Adjudication” language for the “personal conduct” exclusions
  • Duty to Defend Provision
  • No Failure to Effect/Maintain Insurance Exclusion
  • Post Policy Period Provision for reporting of Claims
  • Policy is Non-Cancelable by the Insurer
  • Bi-Lateral Discovery/Extended Reporting Period
  • Automatic Coverage for new Subsidiaries with a 25% asset threshold
  • Coverage can be modified to include For-Profit Subsidiaries
  • Worldwide Coverage
  • Prior Acts Coverage provided

Additional Benefits for KENTUCKY HOSPITAL ASSOCIATION Members

  • Healthcare Coverage Extension – includes coverage for peer review/credentialing claims, IRS Fines, Excess Benefit Penalty Coverage, EMTALA Coverage, and Government Funding Defense Expense Coverage
  • Amended Settlement Clause – 50/50 wording
  • Third Party Discrimination/Harassment Coverage
  • 60 Day Post Policy Reporting of Claims
  • Full Severability of the Application
  • Insured vs. Insured Exclusion modified to provide Bankruptcy Trustee Carve back**
  • Separate Limits for each Coverage Part **
  • Defense In Addition to Limits **
  • Specially negotiated rates for members

**These Options are available to “qualified accounts” which have no losses, good financial condition and fits other underwriting guidelines.

RSUI Group, Inc. is a leading underwriter of specialty insurance. RSUI Group, Inc. is a member of Alleghany Insurance Holdings and both insurance companies are rated “A” (Excellent) by A.M. Best. The company is based in Atlanta, GA with an office in Sherman Oaks, CA.