The policy includes coverage for restructuring companies as an additional insured and provides up to $30 million in limits. Lexington Insurance Co. and W.R. Berkley Corp. are the insurers for the program, a One80 spokeswoman said in an email.

Chief restructuring officers are typically responsible for the restructuring process of a distressed company and often cannot access directors and officers liability coverage because it is often exhausted when a company is in distress, the statement said.