directors and officers liability for private company financial institutions - Angel Underwriting

directors and officers liability for private company financial institutions

This policy covers the personal assets of the directors and officers of private company financial institutions. It includes company securities claims and employment practices liability.

product overview

  • Insured person cover
  • Company reimbursement cover
  • Company securities claim cover
  • Limits of indemnity up to £5,000,000
  • Defence costs and expenses covered, including bail bond cover
  • For companies with turnover up to £100,000,000
  • For commodity traders with turnover up to £2,500,000
  • For building societies with assets up to £500,000,000
  • Employment practices liability limit up to £500,000
  • Excess protection for parent company board
  • Excess protection for non-executive directors
  • Zero deductible for insured person cover
  • Deductible for company reimbursement cover £10,000
  • Deductible for company securities claim cover £10,000
  • Deductible for employment practices liability £10,000

coverage highlights

  • Extradition proceedings defence expenses
  • Broad investigations cover
  • Excess protection for parent company board
  • Excess protection for non-executive directors
  • Outside directorship cover
  • Unlimited run-off protection for retired insured persons
  • Crisis consultant costs
  • Regulatory crisis costs
  • Emergency defence expenses
  • Fines and penalties cover where insurable
  • Personal liability of insured persons for corporate taxes - in case of liquidation or receivership
  • Prosecution costs: legal costs protection against restriction of assets or liberty
  • Heirs, representatives and spouses extension
  • Worldwide cover, excluding USA and Canada

useful documents

wording

policy summary

eligible industries

angel risk management
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Chelmsford, Essex, CM1 1JS

telephone +44 (0)1245 343630
fax +44 (0)20 7784 8055
email info@angelriskmanagement.com

AXA XL
20 Gracechurch Street,
London EC3V 0BG

telephone +44 (0)20 8442 0000
fax +44 (0)20 8442 0000
email info@axaxl.com

© Angel Risk Management Limited © 2019 |Angel Risk Management Limited is an intermediary authorised and regulated by the Financial Conduct Authority (No. 718451)
Angel Risk Management Limited is a subsidiary of AXA SA.