Coverage description
Side A DIC coverage protects individual directors and officers when indemnification or underlying insurance is unavailable, often through difference-in-conditions wording. Side A DIC forms describe protection for insured persons and conditions for excess or drop-down payments.
Coverage classification
- Form type
- Policies
- Topics
- Management Liability
Compare Side A DIC coverage forms
| Form | Intent | Who it protects | When it responds |
|---|---|---|---|
Berkshire Hathaway Specialty Insurance CompanyExecutive First Side A++ DIC Directors & Officers Liability Policy EP-EF-DICA-001 11/2023 Directors and Officers Liability | Provides Side A excess and difference-in-conditions protection. | Insured persons, for loss not paid or indemnified by the company or outside entity. | Responds to a policy trigger that is an excess event or a DIC event, subject to policy terms. |
The North River Insurance CompanySIDE A DIC POLICY PSD-POL-001 01 23 Side A DIC Policy | Provides Side A protection for non-indemnifiable loss. | Insured persons, subject to policy terms. | Lists circumstances when the policy drops down, including an underlying insurer’s failure to indemnify. |
Notable clauses
“This Policy is intended for the benefit of the Insured Persons only”
Berkshire Hathaway Specialty Insurance Company · Executive First Side A++ DIC Directors & Officers Liability Policy · EP-EF-DICA-001 11/2023
Insured persons. The policy states that it is intended for insured persons.
“This Policy shall drop down and advance Loss on behalf of an Insured Person when:”
The North River Insurance Company · SIDE A DIC POLICY · PSD-POL-001 01 23
Drop-down. The policy lists conditions under which it drops down and advances loss.
Market activity
Matching form records, product lines, state activity, and recent examples for this coverage language.
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Related insurance form pages
Related coverage topics
An insured vs insured exclusion limits coverage for claims one insured brings against another, subject to carvebacks. Compares two insurers' forms; 71 insurers file it.
Prior acts exclusionA prior acts exclusion limits coverage for acts, errors or events that occurred before a specified date. Compares Federal and Vantapro forms; 115 insurers file it.
Co-defendant coverageCo-defendant coverage adds or clarifies coverage when an insured is sued alongside specified co-defendants. Compares two Federal forms; 32 insurers file it.
Specific matter exclusionA specific matter exclusion removes coverage for claims arising from a scheduled matter, dispute or transaction. Compares QBE and Westfield forms; 58 insurers file it.
Pending or prior proceedings exclusionThis exclusion can limit coverage for claims connected to litigation pending or begun before a specified date. Compares two insurers' forms; 125 insurers file it.
Consent to settle endorsementA consent to settle endorsement changes the insured's settlement rights and what happens if it refuses a settlement. Compares two insurers' forms; 67 insurers file it.
Tie-in of limitsA tie-in of limits endorsement links one policy's limits to another policy, so the limits are shared or eroded. Compares two forms from one insurer; 58 insurers file it.
Follow form endorsementA follow form endorsement makes a policy follow the terms or endorsements of another policy named in its schedule. Compares two insurers' forms; 50 insurers file it.
More management liability coverage topics
- Advertising exclusion
- Antitrust exclusion
- Crisis management coverage
- Failure to maintain insurance exclusion
- Fiduciary liability coverage
- Guaranteed renewal endorsement
- Independent contractors exclusion
- Insolvency exclusion
- Known wrongful act exclusion
- Liberalization endorsement
- Redlining exclusion
- Run-off at inception endorsement
- Severability of exclusions
- Split retroactive date
- Supplemental extended reporting period
- Wage and hour exclusion