Introducing – Captive Claim Highlight

Client Profile

Industry: Professional Services
Gross Revenue: $6,000,000
Location: Virginia

Claim Information

Description: The client was made aware of a material breach of contract by one of their subcontractors, which they used to compete for a mutual contract. The client terminated their relationship with said subcontractor and incurred legal fees attempting to seek an injunction. Once all proper documentation was collected and validated, the legal fees and other additional expenses incurred by the client were covered by their Oxford policy.
Line of Coverage: Subcontractor Default

This line of coverage was not available through their commercial policy, and was elected for coverage by the client under Oxford’s policy. This resulted in a claim payment amount of approximately $400,000.