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Directors and Officers Insurance for Multinationals (Passport for D&O)
When a multinational company’s foreign subsidiaries, operations and executives rely solely on a U.S. directors and officers liability insurance policy for worldwide protection, it may be vulnerable to significant coverage gaps that can arise when local laws, regulations and customs erode or even prohibit entirely such non-local D&O liability coverage. Directors and Officers Insurance for Multinationals (Passport for D&O) offers an efficient way for multinationals to secure D&O liability insurance aligned with local laws, regulations and customs worldwide. The insured is provided a proposal detailing the terms of the global D&O insurance program — including the base policy and any requested locally admitted policies. We have the ability to issue locally admitted D&O policies in over 130 jurisdictions worldwide.
The advantages of Passport for D&O include the following:
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Features and Benefits
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- Available with separate aggregate limits or a single worldwide limit
- Greater certainty of D&O liability coverage worldwide with admitted coverage in sync with local laws, regulations, language and customs
- Approval of one proposal outlining terms of the base D&O liability policy and desired local policies activates issuance of local policies
- Access to local claim and litigation management experts
- Obtainable for primary D&O liability insurance at policy inception or renewal
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Claims
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We have assembled a seasoned team of claims professionals who are experienced in managing some of the highest-profile D&O, E&O, employment practices, fiduciary, crime and technology cases in the industry, for entities of all sizes and across most industries-from Fortune 500® companies to not-for-profit organizations; multinational corporations to privately-held enterprises.
Our centralized in-house operation, positioned adjacent to our underwriting colleagues, allows us to facilitate prompt case resolution and the best possible claim outcomes. We offer access to some of the nation's leading law firms specializing in the defense of securities, employment practices, fiduciary and technology claims. And in the toughest environment, policyholders can count on our aggressive litigation strategies to defeat even the most formidable plaintiff's attorneys.
To report a claim please contact us:
Tel: 888-602-5246
Fax: 866-227-1750
Mail:
c-Claim for Financial Lines
175 Water Street, 9 Fl.
New York, NY 10038
To follow up on an existing claim:
Tel: 888-602-5246
Download a claim form for submission.
To request loss runs, contact Broker Services at 877-867-3783
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