nonrescindable

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based Professional Risk Solutions said nonrescindable Side-A coverage and Separate Side A-only insurance could be the answer.
If you are protected by your company's policy and do not understand nonrescindable coverage, insolvency exclusions, failure of insurance exclusions, severability conditions and claims-made versus claims-made-and-reported terms, you may not be getting the protection you expect.
Special coverage features: Defense outside, full severability, nonrescindable, punitive damages, M&A, distressed account specialist.
Features include nonrescindable A-, B- and C-side D&O coverage; wage and hour $100,000 defense sublimit; Side A pollution suit coverage; and partnership liability for LPs and GPs.
The BeazleyOne policy has enhanced coverage features including the ability to settle claims within the retention and nonrescindable coverage for nonindemnifiable claims against insured persons.
But this implementation requires market participants to submit firm, nonrescindable offers concerning their willingness to buy or sell shares at the same topping-off price conditional on different size payments.
Chubb's D&O Elite(SM) is a nonrescindable and noncancelable policy that offers directors and officers a dedicated limit of liability that is not shared with the corporate entity.
Insurers are also now willing to provide nonrescindable contracts.
Additional coverage highlights include excess nonindemnifiable coverage solely for independent directors and nonrescindable coverage for defense costs, settlements and judgments.
The cover is nonrescindable and has fewer exclusions on defense of claims.
Chubb's D&O Elite is a nonrescindable and noncancelable policy that offers directors and officers a dedicated limit of liability that is not shared with the corporate entity.
The risk of rescission has led some insurers to begin marketing nonrescindable side A excess directors' and officers' coverage.