Insured
We insure all past, present and future directors, officers, employees, shadow directors, committee members, outside entity directors, spouses (including domestic partners), administrators and executors of Insured’s estate.
Coverage
- Non-rescindable policy for individuals (unless fraud)
- Defence costs, damages and settlements for “Wrongful Acts”
- Employment Practice Liability cover (including emotional distress)
- No pollution exclusion
- Bodily Injury / Property Damage Claim defence costs cover (sub-limited)
- No Trustee Exclusion
- Legal Fees and Expenses (Pre-investigation costs for Regulatory Crisis Events)
- Legal Fees and Expenses (Investigations and inquiries into the affairs of the Company – Up to full policy limit available, depending on risk profile)
- Automatic Outside Directorship cover (including 90 day window for Financial Institutions)
- Full severability of proposal form and conduct exclusion
- No Insured versus Insured exclusion for Non-US Claims
- Insured versus Insured Defence costs cover for US Claims (full policy limit)
- Asset and liberty Costs (including bail bond and director disqualification – up to full policy limit subject to individual risk profile)
- Public Relations Expenses
- Extradition costs
- Environmental Management Liability Defence Costs Cover
Additional Extensions
- Excess limits for Policyholder Directors (including separate ring-fenced sub-limit for Non Executive Independent Directors – over and above aggregate Limit of Liability purchased)
- Emergency pre-approved Defence Costs for all Claims
- Automatic coverage for new Subsidiaries (including both ‘Reverse’ takeovers and US Stock Exchange Listings)
- Bilateral discovery period
- Life-time run-off cover for Retired Directors
- Option to purchase stand-alone run-off (this is an unique extension)