Contact Us
  • “Chartis Uzbekistan” Insurance Company LLC

    International Banking & Finance Center, 3rd Floor,
    1, Turab Tula, 100066, Tashkent, Republic of Uzbekistan
  • Telephone:  (+998 71) 140-38-00
  • Fax:  (+998 71) 140-38-04
  • E-mail: chartisuzbekistan@chartisinsurance.com
  • Opening hours:
    Monday – Friday: 9 am – 6 pm

Directors and Officers Liability Insurance

The Chartis companies are acclaimed leader in D&O insurance worldwide. The Chartis companies have many years of professional experience in providing D&O insurance.


Directors & officers liability insurance (D&O insurance) provides protection for the Directors and Officers of a Company and its Subsidiaries against possible Claims made against such Directors and Officers for their wrongful acts by shareholders, employees, investors, clients and other third parties.
 
Acts covered might include the following:
  • Any breach of fiduciary duty, error, omission (except Professional Liability ), misleading and wrongful statement;
  • Any act in the capacity of Director or Officer;
  • Any act in the capacity of Director or Officer of an Outside Entity ;
  • Any Employment Practice Violation.
Policy D&O covers:
  • Defence costs
  • Costs under the court decision or amicable agreement
  • Subject to the type of extensions applied – damage to reputation, regulatory crisis response costs, emergency costs, special excess limit for non-executive directors and other.
D&O coverage includes:
  • Inclusion of directors and officers of subsidiary.
  • No deductible in cases of non-indemnifiable loss.
  • Advance deposits against legal fees.
  • Agreed upon panel of legal consultants.
All the above is subject to terms & conditions of insurance which could be offered on the basis of the information provided by the Insured in the proposal form and other documents (listed in the proposal form) necessary for the underwriting.

One of the key elements addressed by this insurance is the protection it affords the Company and its directors in the event of possible lawsuits brought against them in North America in those instances where the Company is exposed on the Canadian or US exchanges, as well as non-exchange related markets.