A more bespoke solution offered by Relm Insurance Relm Insurance, here are the details;
(“Relm”), a leading specialty insurance carrier supporting emerging and innovative industries, has announced the release of its Side A Difference in Conditions (DIC) solution.
Relm’s Side A DIC solution was created for clients that have been unable to secure enough limit or consistent terms across their Directors and Officers Liability (D&O) program due to operating in challenging and emerging markets.
This proprietary product goes above and beyond ‘non-indemnifiable loss,’ to offer clients a range of first party expenses, up to two reinstatements, and bankruptcy protection, while filling in critical gaps in their underlying liability coverage.
“We are often asked by our clients and brokering partners to provide additional Side A limit and write back exclusions that have been applied to the underlying coverage by markets who have limited understanding of, or appetite for, innovators. We are proud to underwrite with flexibility and step up to meet these needs with our Side A DIC solution that provides another layer of protection,” said Claire Davey, Head of Product Innovation and Emerging Risk at Relm Insurance.
This new offering comes on the heels of recent product launches from Relm, including a distinct Web3 product suite and a comprehensive employment practices offering; as the firm continues to aggressively scale up and expand its product line-up.