Fill and Sign the Massachusetts Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement Form

Fiduciary Liability Coverage COVERAGE CHECKLIST Why your clients need our protection Fiduciary Liability coverage from Wrap+®, Select One+® and Executive Choice+® is critical to the well-being of any company and is designed to cover defense costs and personal liability of fiduciaries. The following checklist illustrates key coverages and features every insured should have as part of their insurance program. Coverage Omnibus pension and welfare plan coverage – Includes coverage for benefit plans not subject to Title I of ERISA Travelers policy P Coverage for administration of multi-employer plan benefits P P Broad definition of insured – includes insured organization as well as trustees, management committee members, members of any benefit plan committee and any employees of the company or the plans P Definition of loss – includes multiplied damages, punitive damages and exemplary damages with most favorable venue wording P Automatic coverage for ESOPs Coverage for civil penalties under sections 502(i) and 502(l) of ERISA and civil penalties under HIPAA’s privacy provisions P Settlement fees coverage – with respect to any voluntary compliance resolution program administered by the Internal Revenue Service or the Department of Labor of the United States P Claim includes fact-finding investigation by the Department of Labor or the Pension Benefit Guaranty Corporation as well as written request to toll or waive statute of limitations P Coverage for merged, terminated and sold plans P No exclusions for failure to maintain insurance, failure to collect contributions, libel, slander or defamation P Broad definition of subsidiary – definition of subsidiary includes majority-owned corporations, partnerships, limited liability companies and 50 percent-owned joint ventures under management control of named insured P Insured organization includes debtor in possession P P P Carveback to the pollution exclusion for diminution in value of securities other than securities of the insured organization P Defense option – option to select duty to defend or reimbursement coverage at policy inception P Duty to defend – 100 percent pre-determined allocation of defense expenses for claims against any insured consisting of loss that is and is not covered by policy P Foreign parent corporation coverage extension Spousal and domestic partner liability coverage Their policy Travelers policy Coverage Their policy Additional defense coverage: • Option to select additional defense limit of liability • Survives exhaustion of base limit of liability P P Flexible limit options: • Choice of individual or shared limits of liability • Option to select annual reinstatement of limit of liability Worldwide coverage* – applies to claims made and wrongful acts occurring anywhere in the world where legally permissible P P P Extended reporting period: • • • Bi-lateral extended reporting period option – available if insurer or named insured cancels or fails to renew P Run-off extended reporting period option – available for a pre-determined premium upon change of control of named insured P Ability to report potential claims during extended reporting period or run-off extended reporting period P Retention – only one retention must be satisfied when one claim triggers coverage under two or more liability coverages P P Acquisitions – automatic coverage for majority-owned subsidiaries formed or acquired during the policy period with assets that do not exceed 30 percent of the total assets of the insured organization P Representations – only knowledge and representations of signer of application are imputed to the insured organization P Amended settlement provision – provides named insured with coverage for 70 percent of loss in excess of settlement offer rejected by named insured P Non-cancelable by insurer – except for non-payment of premium P Duties in the event of claim – only triggered by knowledge of an executive officer To the extent that an insured or any other person or entity claiming the benefits of this policy is or becomes a Specially Designated National or Blocked Person, or is located in a country or territory which, now or in the future, is subject to United States trade or economic sanctions or embargos, this insurance will not apply. * Travelers knows Fiduciary Liability Coverage. To learn more, talk to your independent agent or broker or visit travelersbond.com. Available through the Wrap+®, Select One+ ® and Executive Choice+ ® product suites. travelersbond.com Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183 This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations. © 2014 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. 59220 Rev. 2-14