Excess Liability
Direct Insurance
When providing insurance, OCIL can do so directly or as reinsurance coverage of the company’s captive insurance company. The policies are identical except for minor differences in wording to reflect the fact that the reinsurance policy is designed for use in accessing OCIL via an insurance subsidiary.
Target Industries
- Energy (Upstream, Midstream, Downstream)
- Mining & Metals
- Transportation
- Manufacturing
- Chemicals
- Commercial Construction & Real Estate
- Retail
Policy Conditions
Territory: Worldwide
Currency: U.S. Dollars or acceptable Foreign Currencies
Governing Law: New York State
Mandatory Arbitration: London, England
Foreign Currency Policies
OCIL has the ability to provide policies in GBP, CAN$, EURO, AUS$, US$
Limits & Attachments
Flexibility in limits and attachments
Maximum Limits
$75,000,000 (Claims Made; Follow Form AEGIS, Occurrences First Reported, etc.)
$25,000,000 (Occurrence, Claims Trigger)
Minimum Limit
$25,000,000 for Shareholder members
There is no minimum limit for Non-Shareholder insureds
Flexible Layering
Coverage may be in multiple non-contiguous layers or on a quota share basis
Excess Liability Forms
Most common follow forms are available