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1 Horror Entertainment, LLC dba FEARnet Directors and Officers Liability & Employment Practices Liability Insurance Summary May 7, 2012 to May 7, 2013.

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Presentation on theme: "1 Horror Entertainment, LLC dba FEARnet Directors and Officers Liability & Employment Practices Liability Insurance Summary May 7, 2012 to May 7, 2013."— Presentation transcript:

1 1 Horror Entertainment, LLC dba FEARnet Directors and Officers Liability & Employment Practices Liability Insurance Summary May 7, 2012 to May 7, 2013 Prepared by: Lockton Companies, LLC Phone: 646-572-7365 Fax: 646-871-7365 Website: www.lockton.com DISCLAIMER: This insurance summary is subject to the terms, conditions and limitations of the policy. Nothing contained herein should be construed as legal advise. It is provided as general advise only. Knowledgeable legal counsel should be consulted for any legal questions or interpretations.

2 2 Horror Entertainment, LLC dba FEARnet Insurance Summary Directors and Officers Liability & Employment Practices Liability Named Insured:Horror Entertainment, LLC dba FEARnet and per the policy form Coverage:Directors and Officers Liability & Employment Practices Liability Insurer:Illinois Union Insurance Company – AM Best Rated “A+ XV” Policy Number:G25016506 003 Policy Period: May 7, 2012 to May 7, 2013 Total Limit of Liability:$3,000,000 in the aggregate (including Defense Costs) ($1,000,000 additional aggregate limit of liability for non-indemnifiable D&O Claims which is excess of the $3,000,000 aggregate) Retention:$25,000 per Claim ($0 for Non-Indemnifiable D&O Claims) Pending & Prior Litigation Date:October 1, 2006 Retroactive Date:N/A (e.g. Full Prior Acts coverage) Annual Premium:$7,775 plus California Surplus Lines Tax & Stamping Fee

3 3 Notification of any potentially covered claim should be sent to the following: ACE USA 140 Broadway – 40 th Floor New York, NY 10005 PrivateNonProfitFirstNotice@acegroup.com As you are aware, this is a CLAIMS MADE policy. Therefore, in order for coverage to apply, a Claim must be made against Horror Entertainment or any Insured during the Policy Period (or the Discovery Period, if elected). In addition, the Insureds shall, as a condition precedent to their rights to payment under either Coverage Section, give ACE USA written notice of any Claim as soon as practicable after the Company’s general counsel or risk manager (or equivalent positions) first becomes aware of such Claim, but in no event later than ninety (90) days after the end of the Policy Period. Please note that late reporting could result in a denial of coverage by ACE USA. Rights to select defense counsel: It shall be the duty of the Insurer and not the duty of the Insureds to defend any claim. Acquisition Threshold: If Horror Entertainment acquires more than 50% of the outstanding securities representing the present right to vote for the election of such entity’s directors or managers, or has the right, pursuant to written contract or by-laws or similar documents to elect, appoint or designate the majority of the board of directors or managers, if such entity becomes owned after the inception date of this policy. Cancellation: Insurer may cancel for non-payment of premium and the Insured may cancel at any time. Territory: Worldwide Horror Entertainment, LLC dba FEARnet Insurance Summary Directors and Officers Liability & Employment Practices Liability

4 4 Endorsements: 1.WSG084 (10-03) - Surplus Lines Broker Notice 2.PF-15190 (12-08) - ACE EXPRESS Private Company Management Indemnity Package – Declarations 3.LD-5S23h (07/10) - Signature Endorsement 4.PF-15191 (12-08) - ACE EXPRESS Private Company Management Indemnity Package - General Terms and Conditions 5.PF-15192 (12-08) - ACE EXPRESS Private Company Management Indemnity Package - Employment Practices Coverage Section 6. PF-15193 (12-08) - ACE EXPRESS Private Company Management Indemnity Package - Directors and Officers Coverage Section 7. PF-15026c (01-08) - Cap On Losses From Certified Acts of Terrorism 8.PF-15324 (08-04) - Professional Services Exclusion-Securities Holder Exception 9. PF-27954 (09/09) - Amend Application 10. PF-27976 (09/09) - State Amendatory Inconsistency Endorsement 11. PF-28468 (10/09) - Delete Known Wrongful Acts Exclusion (D&O) 12. PF-28469 (10/09) - Delete Known Wrongful Acts Exclusion (EPL) 13.PF-34215 (08/11) - FLSA and Related Coverage 14.PF-34218 (08/11) - Amend Notice - GC/RM - 90 Days - D&O/EPL 15.PF-30356(08/10)-Single Aggregate Limit of Liability Endorsement 16.MS-1019(05/10)-Additional Named Insured with Co-Defendant Coverage 17.MS-1018(05/10)-Amend Definition of Insured Person-EPL Section 18.PF-31864(12/10)-Amend Conduct Exclusions 19.MS-00000 - Amend Run-Off Election - 60 days 20.PF-30619 (09/10) - Amend Alternative Dispute Resolution 21.PF-29858 - Corporate Homicide Investigation Costs Coverage – Sublimit 22.MS-00000 - Remove Pollution Exclusion - Except Clean Up Costs 23.MS-00000 - Delete Exclusion G of the D&O Coverage Section 24.MS-00000 - Preliminary Investigation Coverage - D&O Coverage Section 25.MS-00000 - Failure or Refusal to Indemnify - D&O Coverage Section 26.SL-34255 (09/11) - Service of Suit Endorsement 27.TRIA12b (01-08) - Disclosure Pursuant To Terrorism Risk Insurance Act 28.All-20887 (10-06) - ACE Producer Compensation Practices & Policies 29.All-21101 (11-06) - Trade or Economic Sanctions Endorsement 30.PF-17914 (02-05) - U.S. Treasury Departments' Office of Foreign Assets Control ('OFAC') Advisory Notice to Policyholders Horror Entertainment, LLC dba FEARnet Insurance Summary Directors and Officers Liability & Employment Practices Liability


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