Executive Protection - insurance for organisations and their executives

Worldwide, Chubb is acknowledged as a leading provider of corporate insurance.

For more than 25 years, Chubb has led the market in creating insurance programmes for organisations and their executives and professionals. Through its Executive Protection group, Chubb's unique understanding of the many exposures faced by executives and professionals is invaluable in underwriting and managing risks affecting domestic and multinational clients.

Key covers

Directors and officers liability

Cover for claims made against company directors or officers from a variety of sources (e.g., the company, its shareholders, employees, competitors and regulators) arising out of activities in their capacity as directors or officers, alleging:
  • Negligence causing loss to the company or to people outside the company
  • Breach of fiduciary duty
  • Mismanagement
  • Errors and omissions in financial information
  • Misrepresentation
  • Insolvency contraventions
  • Regulatory breaches
  • Mistreatment of employees

Initial public offering

A range of covers for a company and its directors and officers for risks associated with the public offer or sale of shares in the company, such as:
  • Allegations of misrepresentations about the company in the prospectus or elsewhere
  • Liabilities to investment advisers
  • Complaints about diminishment of shareholder value due to adverse events or misplaced comments by directors
  • Class actions alleging breach of securities laws

Warranty and indemnity liability

Cover for the breach of a warranty or indemnity given by vendors or others to purchasers of a company or business concerning the affairs of the company or business, including:
  • Insuring the warrantors and indemnifiers for breach
  • Insuring the purchasers against the effects of a warranty being breached or an indemnity being triggered

Professional indemnity

Cover for a wide range of professionals for:
  • Breach of professional duty by negligent acts or omissions
  • Defamation
  • Liability arising from an employee's dishonesty
  • Defence costs for regulatory and governmental investigations
  • Document loss or destruction

Employment practices liability

Cover for the company, its directors, officers and employees for a claim brought by any current, prospective or past employee for a broad range of employment related allegations:
  • Wrongful or unfair dismissal, discharge or termination of employment
  • Harassment
  • Discrimination, including race and sex discrimination
  • Defamation
  • Negligent evaluation
  • Whistle-blower retaliation
  • Breach of data protection laws
  • Wrongful failure to employ or promote
  • Wrongful infliction of emotional distress
  • Wrongful deprivation of a career opportunity
  • Breach of any oral or written employment contract

Pension scheme liability

In relation to pension schemes and other employee benefit schemes, cover for trustees and administrators, employees, and company directors and officers for liability arising from wrongful acts and omissions, and for other losses, including for:
  • Awards and civil penalties ordered by regulators
  • Negligence in administration of the scheme, its funds and investments
  • Breach of fiduciary duties
  • Costs of restoring lost or destroyed documents
  • Liability for benefits payable by the scheme arising out of wrongful acts or omissions

Charity protection

Cover for the charity, its trustees and employees for a wide range of liabilities, including:
  • Trustees' breach of fiduciary duty
  • Trustees' liability to the charity for mismanagement of its funds, investments and other dealings
  • Liability for negligence committed against beneficiaries of the charity

Crime

Cover for organisations for loss of money, property and securities resulting from a number of crimes committed from inside or outside the organisation and also cover for liability to an organisation's client resulting from a crime perpetrated against the client by the organisation's employee. Crimes covered include:
  • Theft
  • Robbery
  • Safe burglary
  • Forgery of financial instruments
  • Fraudulent transfer of funds
  • Credit card fraud
  • Computer fraud
  • Criminal destruction

Kidnap, ransom and extortion

Protection for an organisation against kidnapping of named people, extortion by threat of harm to the organisation, its people, property or computers, and politically motivated threats against people in the organisation, by providing cover for a wide range of steps and consequences, including:
  • Property or money surrendered
  • Negotiation and consultancy expenses
  • Rewards for information
  • Salary of an employee during captivity
  • Medical and psychiatric expenses
  • Liability for alleged negligence in hostage retrieval operations or negotiations

Pension scheme crime

Crime covers for losses suffered by a pension scheme, including:
  • Loss of property from dishonest acts by trustees and employees
  • Loss of property from scheme or employer premises due to robbery, burglary, theft or mysterious damage, disappearance and destruction
  • Loss of property in transit in the custody of an employee, trustee or security company
  • Loss from computer manipulation where harm or improper financial gain was intended

ForeFront Protection package policy

A package programme for small to mid-sized private companies, protecting the company and many individuals connected to the company. ForeFront Protection includes the following Chubb covers:
  • Directors and officers liability
  • Pension scheme liability
  • Employment practices liability
  • Corporate legal liability

ForeSight from Chubb loss minimisation services

ForeSight from Chubb offers a range of loss minimisation services integrated with our policy. Consultancy services are provided by independent specialists in the fields of law, crisis management, crime control and detection.

Services include:

  • Telephone help-lines
  • Email information services
  • Expert periodicals
  • Risk-specific presentations
  • Educational seminars
  • Risk analysis assessments
  • Loss prevention surveys
  • Dedicated training

For full details, please contact us at your nearest Chubb branch.

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