Directors Officers Liability insurance

Cover to consider

Many Insurers will look to quote for Directors and Officers Liability Insurance but some policies give much wider cover than others. The following are areas of cover that should be considered when purchasing this form of insurance:

 Directors Officers liability insurance cover for individuals

• Any One Claim Limit for all policy modules
• Investigations and pre claim inquiry costs for individuals
• Civil fines and penalties
• Personal Liabilities for Corporate taxes
• Lifetime Run Off cover for retired or resigned individuals
• Mitigation costs
• Assets and liability cover including extradition
• Emergency costs
• Affirmative insolvency hearing cover
• Affirmative Corporate manslaughter cover
• Reputation expenses

Entity cover – covering the corporate entity

• Corporate wrongful acts
• Health and safety investigation and proceedings costs
• Corporate Manslaughter costs
• Company Regulatory Crisis Response
• Defence costs for bodily injury and property damage claims
• Defence costs for Pollution claims
• Defence costs for breach of contract claims
• Defence costs for any claim seeking fines and penalties against the company
• Crisis Event Public Relations Expenses
• Identity fraud

Employment practices liability

• Wide definitions of employee and employment practices violation
• Third Party Violation cover – harassment or unlawful discrimination of a third party
• Employment Practice or Third Party Violation committed by employee using internet
• Worldwide cover  Retention waiver if legal panel member is engaged by client
• Any single claim basis of cover

Pension trustee and employment benefit plan liability

• Cover for the Insured Person, Company, Plan and Corporate Trustee
• Any past or present Employee Benefit or Welfare benefit plan established by Company
• Any past or present Pension Plan established for Company employees
• Contribution Notice Cover
• Civil fines & Penalties
• Pensions Ombudsman’s cover
• Third Party Pursuit cover
• Loss of documents cover
• Corporate Professional Trustees Extension
• Lifetime run off for Retired or Resigned Trustees
• Any single claim basis of cover

Crime Option

• Cover for fraud or dishonesty committed by an employee
• Cover fraudulent acts committed by any other person
• Care custody and control cover
• Fees, costs and expenses to defend a claim resulting directly from a covered financial loss
• Fees, costs and expense of an Investigative Specialist
• Damage Destruction or Disappearance of Money or Securities
• Impersonation Fraud
• Fund Transfer Fraud
• Worldwide cover
• Any single claim basis of cover

To discuss any aspect of your insurance requirements with us, please contact us and one of our dedicated Account Executives will be in touch to assist you further.