skip to main content
- Business
- Individuals & Families
- Partnerships
Back
Products
Chubb’s Personal Accident cover is designed to respond swiftly and effectively in the event of an accident, and offers a lump sum payment.
Back
Partnerships
Build your business by providing the protection your customers need – it’s insurance for the new possible.
Back
Technology
The seamless, secure, and scalable engine behind new possibilities for your company and customers.
Back
Case Studies
Travel insurance made easy.
Elite Directors and Officers Insurance
Carefully designed Directors and Officers insurance for senior management. Executives are more liable than ever for their actions thanks to increasing legislation and the rise of ‘no win, no fee’ actions for claims by shareholders, employees, customers and others. Our Elite Directors and Officers Liability cover protects them against losses for a broad range of claims, including breach of duty, negligence and wrongful trading.
Risk Scenario
Who it’s for:
Chubb insures your executives in a wide variety of roles:
- 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 management regime and certification regime
- The company, in the case of securities action claims.
What it covers:
Chubb directors and officers insurance covers senior managers for many types of losses and costs – from legal fees to tax payments.
The policy insures executives for defence costs and legal liability arising from:
- Wrongful acts
- Errors and omissions
- Misstatement
- Negligence
- Breach of duty
- Wrongful trading (for example, trading while knowing that the business is or is going to be insolvent)
- Employment disputes, including wrongful, unfair or constructive dismissal, harassment and wrongful discipline
- Breaches of anti-discrimination regulations, including sexual, racial and age discrimination
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.
PDF