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