- Businesses
- Individuals & Families
- Partnerships
Enabling businesses across a wide range of industries to operate and grow with confidence.
Protecting all that makes your house, your home.
Build your business by providing the protection your customers need – it’s insurance for the new possible.
Directors and Officers Liability for Financial Institutions
Risk scenarios
Who it's for
We cover your directors and other management employees across a wide variety of roles. Positions we insure:
- All types of past, present and future directors and officers
- Managerial and supervisory employees
- Employees who are co-defendants, including retired directors
- Directors and other individuals who, at the company’s request, serve on an outside board
- The spouse, estate or legal representative of deceased directors
- Approved individuals performing controlled functions and those designated under the senior executive accountability regime
- The company, in the case of securities action claims
What it covers:
The policy covers executives for defence costs and legal liability arising from:
- Wrongful acts
- Errors and omissions
- Misstatement
- Negligence
- Breach of duty
Cover includes:
- Damages, judgments, expenses and defence costs
- Costs of legal representation for investigations
- Losses incurred within 30 days of management buyouts of a subsidiary
- Costs arising from extradition proceedings
- Cover for deprivation of assets of individuals
- Civil fines and penalties cover for individuals where insurable by law
- Tax contributions where the company has become insolvent and there is personal liability of an insured director
FAQs
Financial institutions insurance provides coverage to asset management firms, banks and lending institutions, and insurance companies. Chubb offers financial institutions a broad range of customised, reliable protection.
Being in a highly regulated industry requires an investment in risk management and compliance. When banks and other financial institutions choose Chubb as their insurance partner, they benefit in many ways. We offer liability and first party insurance for asset managers, banks and lending institutions; there are checks and balances for employee fraud, so avoiding reputational damage, regulatory scrutiny and loss of business.