Universal Excess

Nuts & Bolts:
The Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits firmly over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any insurer. Universal Excess is a policy form designed for public and private organizations of all sizes. It follows the primary policy in such key areas as exclusions, definitions and severability clauses and is said to allow the underlying limits to be paid by the insured if the primary insurer becomes financially insolvent.

Dollars:
As an excess policy, the coverage follows the primary policies. Limits go to $25 million depending on the type and size of business, and whether it’s public or privately owned. There is no minimum premium.

Carrier:
The Hartford Financial Services Group rated “A+,” admitted and nonadmitted.

States Available:
All.

Contact:
Patricia Fitzgerald, (212) 277-0457 or www.hfpinsurance.com.