Financial Lines Insurance
Financial Lines Insurance is focused primarily on Companys‘ Executive and Supervisory Bodies Liability Insurance (D&O Insurance) and Professional Liability Insurance (PI Insurance). It also includes, a unique product on the local insurance market, Fraud Insurance - CRIME. We are ready to provide „tailor made“ solutions in accordance with our clients‘ requests and needs. The client can rely on the best insurance products which have been developed during many years experience of our company with these types of risks.
Professional indemnity insurance is among the liability insurance products and is concluded to cover the statutory liability of the insured for a damage arising to the claimant as a result of wrongful provision of professional services. This insurance product can cover various professions starting from IT experts up to marketing specialists. Wrongful provision of professional services could be defined like a negligent breach of duties by the insured in the course of providing of professional services, including errors and omissions. The insurance covers also defence costs of legal representation of insured persons.
Directors and Officers Insurance is a standard insurance product which covers personal liability of statutory and supervisory authorities (member of the board of directors, member of the supervisory board, executive officer) arising from its executive position in the company for a claim made against insured person. The liability of board members is unlimited and solidary by law. The insurance is drawn up to cover not only loss / indemnity but also defence costs of legal representation of insured persons.
BusinessGuard - Directors and Officers Insurance - is an unique insurance product designed for SME companies, which covers personal liability of statutory and supervisory authorities (member of the board of directors, member of the supervisory board, executive officer) arising from its executive position in the company for a claim made against insured person. The liability of board members is unlimited and solidary by law. The insurance is drawn up to cover not only loss / indemnity but also defence costs of legal representation of insured persons. BusinessGuard scope of cover automatically includes under the insured persons also employees with managerial or supervisor position in the company or in the subsidiary and is concluded with worldwide cover.
Crime insurance is an unique market product which covers a risk of company loss due to the employee dishonesty. It is possible to extend the basic insurance cover of employee dishonesty by theft in operating premises, money or payment order falsification and computer frauds incl. fraudulent money transfers. The insurance is especially intended to chain stores, wholesales, stores, construction companies, IT companies and hotel chains.
Warranty & Indemnity (“W&I”) Insurance is a tailored insurance product from Chartis Mergers & Acquisitions Insurance team to cover breaches in representations and warranties given in the sale of a business. Sellers can cover themselves to prevent sale proceeds being tied up in escrow accounts. Buyers can ensure the warranties have real value even if the seller is unable to pay a warranty claim which arises some time in the future.