Arch Insurance Group has unveiled its Arch Essential Excess Policy, a tool it is calling a “simple, straightforward policy plus all of the necessary excess enhancements.”

The New York-based company, a member of Arch Capital Group, says both brokers and policyholders benefit through follow-form coverage for directors and officers, fiduciary, employment practices liability (EPL) or crime exposures.

Among the advantages of the new product, according to the company, are a simple follow-form insuring agreement, automatic recognition of depletion for sub-limits in the primary policy and no subrogation or cancellation sections.

Arch Essential Excess Policy is available as excess over D&O, EPL, fiduciary or crime for private and public clients in all industry segments, with limits capacity up to $25 million.

“Clients and brokers seek clarity and predictability in the placement and performance of their insurance towers,” said John A. Rafferty, an executive vice president with Arch Insurance Group, in a statement. “ Our new Arch Essential Excess Policy form greatly minimizes two major concerns often cited with excess policy forms: competing and unnecessary language, and/or procedural hurdles that can complicate the performance of the insurance tower when needed most.”