D&O policy - MASTERPLUS and MASTERPROTECT
Chubb Specialty Insurance
Chubb is a global leader in directors and officers liability insurance. We understand the ever-changing risks and exposures
facing executives and, backed by superior financial strength, offer comprehensive protection for them and their companies
worldwide.
MASTERPLUS - for private companies.
MASTERPROTECT - for public (listed) companies.
Both policies offer the following as standard:
- Advancement of defence costs as and when incurred
- Emergency defence costs can be incurred without our consent
- Extradition proceedings: cover for your defence costs, whichever countries are involved
- Manslaughter proceedings: cover for defence costs
- Full policy limit available for legal representation expenses in formal investigations; no restrictions on industry-wide investigations
or on territory
- Insured v insured person claims: not excluded, unless brought in the USA or based on US law (and, even then, there is cover
for defence costs and for some types of claim)
- Extended reporting period (ERP) options available, including a free 6 year ERP for retired insured persons; options available
whether it is you or us who does not renew the policy
- Several types of pollution claim covered
- Outside directorship cover extends to any outside entity in which your company or one of your subsidiaries holds a share;
also includes directorships in US entities as long as they are not publicly traded
- Newly-acquired companies: in many cases, automatically covered; acquisitions above certain thresholds must be reported to
Chubb, but then this will trigger an automatic 90 days (from acquisition) of cover
MASTERPLUS also offers:
- Additional limit for loss which law or insolvency prevents your company or a subsidiary from reimbursing the insured person
- Additional free limit for defence costs
- Compensation for court attendance and staff disruption (subject to a sublimit)
- Allocation: Chubb pays 100% of defence costs on account of an allegation made against both an insured person and your company
or a subsidiary, if both use the same lawyers
MASTERPROTECT also offers:
MasterPlus Brochure
MasterProtect Brochure
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