directors and officers liability for private company financial institutions
This policy covers the personal assets of the directors and officers of private company financial institutions. It includes company securities claims and employment practices liability.
product overview
- Insured person cover
- Company reimbursement cover
- Company securities claim cover
- Limits of indemnity up to £5,000,000
- Defence costs and expenses covered, including bail bond cover
- For companies with turnover up to £100,000,000
- For commodity traders with turnover up to £2,500,000
- For building societies with assets up to £500,000,000
- Employment practices liability limit up to £500,000
- Excess protection for parent company board
- Excess protection for non-executive directors
- Zero deductible for insured person cover
- Deductible for company reimbursement cover £10,000
- Deductible for company securities claim cover £10,000
- Deductible for employment practices liability £10,000
coverage highlights
- Extradition proceedings defence expenses
- Broad investigations cover
- Excess protection for parent company board
- Excess protection for non-executive directors
- Outside directorship cover
- Unlimited run-off protection for retired insured persons
- Crisis consultant costs
- Regulatory crisis costs
- Emergency defence expenses
- Fines and penalties cover where insurable
- Personal liability of insured persons for corporate taxes – in case of liquidation or receivership
- Prosecution costs: legal costs protection against restriction of assets or liberty
- Heirs, representatives and spouses extension
- Worldwide cover, excluding USA and Canada