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CorporateGuard Directors and Officers Liability Insurance (SEC and non-SEC)

Overview:  Protection for claims brought against directors, officers and senior employees for actual or alleged breach of duty, neglect, misstatements, errors or omissions. Includes separate limits for non-executive directors, crisis support package, and free legal advice. Specific SEC version for US exposures.

Who is it for?:  Mid to large sized companies. Includes past, present and future directors, officers, employees acting in management or supervisory capacity, shadow directors, outside entity directors, spouses, administrators and executors of insured's estates.
Cover Back To Top
  • Non-rescindable policy
  • Defence costs, damages and settlements for “wrongful acts”
  • Employment practice liability cover (including emotional distress) for individuals
  • Full limit of defence costs for pollution claims (for non-indemnifiable loss)
  • Full limit for shareholder pollution claims
  • Legal fees and expenses up to the full policy limit for attendance at any investigation into the affairs of the company
  • Outside directorship cover, with extensive cover for claims against insured by an outside entity
  • Full severability of proposal form
  • Full insured v insured cover for non-collusive claims
 
Extensions Back To Top

·         £1m limit per non-executive director over and above standard policy limit and indemnification provisions)

·         Emergency pre-approved defence costs (up to 10% of limit)

·         Prosecution costs coverage to overturn a judicial order

·         Automatic cover for new non-US subsidiaries and for US entities valued within 15% of total group assets

·         Bilateral discovery period

·         Six year discovery period for retired directors

·         Fees and expenses following a Kidnap incident

·         Bail Bond and Civil Bond expenses