The threat to a company of outside directorship liability is every bit as significant as that of direct directors and officers
Companies often encourage their employees to contribute their time and talents to community activities, including service
as directors, officers, or other leaders of nonprofit and for-profit organizations. However, although outside board directorships
can be a useful extension of corporate activity and represent good corporate citizenship, in today's changing world they can
also create complicated liability issues and unintended losses for the company and the individuals who serve.
Just as liability exposures of corporate directors and officers have increased dramatically in recent years, outside directorship
liability (ODL) exposures have also increased. Virtually all companies face ODL exposures when their employees participate
on the boards of outside organizations, yet the risks associated with outside directorships are not well understood. Few companies
have taken the initiative to identify their potential exposure to ODL loss.
As separate coverage, Chubb's Executive Protection Portfolio Outside Directorship Liability Insurance provides a separate and distinct limit of liability independent of a company's directors and officers (D&O) liability limit.
To view other Executive Protection Portfolio coverages, please select one of these items: