Directors & Officers Liability Insurance

About the program

Nareit U.S. corporate members have access to best-in-class primary Directors & Officers Liability (“D&O”) insurance.

Get details on the 2017 enhancements to the D&O Insurance program. Listen to the podcast.Crystal & Company (“Crystal”) serves as the exclusive administrator and Arch Insurance Group (“Arch”), an A+ A.M. Best rated insurance company, serves as the exclusive underwriting partner and insurance provider. 

Through the program, Nareit U.S. corporate members have access to a talented team of individuals who specialize in analyzing and underwriting unique D&O exposures and claims trends impacting REITs.  

2017 Program enhancements

To ensure you have access to state-of-the-art terms and conditions, Nareit, Crystal and Arch recently updated the program with many features to help protect your business. Certain key areas which have been updated and expanded include:

  • Definition of Loss to address plaintiffs’ attorney fees and certain taxes, among other items
  • Enhanced definitions of Defense Costs, SOX 304/Dodd-Frank 954 Costs, Investigation Costs and Outside Organizations
  • Definition of Insured Person to include advisory directors
  • Added Coverage for Extradition, Aiding & Abetting, Class Certification Event Study Costs and Books & Records Requests
  • New State Amendatory Inconsistency and Liberalization provisions
  • Added Provision for a Side A Carrier to In-Fill the Retention
  • Side A carve-back to the BI/PD Exclusion
  • Narrower ERISA Exclusion
  • Enhanced Cooperation Severability language
  • Period to Advance Defense Costs reduced to 45 Days

To learn more about the Nareit D&O Program, listen to the podcast.

To learn more about how the 2017 enhancements can benefit your company, please contact Crystal & Company Director Steve Kelly at 212-504-5847 or steve.kelly@crystalco.com