Our policy is designed to meet the needs of every private limited company. There is no specific industry target base and each risk is evaluated on its own merits. The policy automatically extends world-wide (excluding USA) allowing those clients with overseas subsidiaries the benefit of this protection. It avoids a standard list of exclusions; any exclusions or extensions are specific to the risk presented.
We offer limits ranging from £100,000 to £10m.
Benefits
Key cover highlights include
- A non rescindable policy wording
- 100% allocation of defence costs in any action where a director or officer is named in the action
- Broad investigations costs cover with no ‘wrongful act’ trigger
- Additional non executive director cover automatically included
- The policy wording does not include automatic exclusions in respect
of ‘future offering of securities’; ‘professional services’ or a ‘major
shareholder exclusion’
- Simple, easy to understand language backed up by assistance from
your local office.
In addition to the core wording our policy may be extended to provide the company with
- Employment practice liability cover
- Corporate manslaughter and Homicide Act cover
- Corporate entity cover
This policy covers the insured for:
- damages and/or settlements following an actual or alleged act or omission by directors and officers in the discharge of their duties
- investigation costs for specified enquiries
- an additional limit of liability for damages and/or settlements following an actual or alleged act or omission by any non-executive director
- damages and/or settlements following an actual or alleged act or omission by a director or officer while assisting an outside company
- pollution defence costs on behalf of directors and officers
- loss of documents to specific limits
Please refer to the policy document for the full terms, conditions, limits and exclusions.