Directors & Offices Liability Insurance

Directors & Officers Liability Insurance

Being a company director or officer makes you vulnerable to allegations of wrongful acts in the course of doing your job. No matter the size of your organisation, this policy protects you from claims made against you by a host of third parties – from shareholders to customers. It lets you focus on running the company instead of worrying over protracted litigation.

Coverage Highlights

What it covers

  • Defence costs, legal representation expenses, damages, judgements, settlements, bail bond costs, crisis costs, deprivation of asset costs, prosecution costs, public relations expenses
  • Costs arising from extradition proceedings
  • Tax contributions where the parent company has become insolvent and there’s personal liability of an insured
  • Losses incurred for civil fines and penalties

Benefits:

  • Broad definition of insured and covered act
  • Cover for additional excess limit for non-indemnifiable loss for all main board directors
  • Cover for personal liability for any unpaid taxes where the company has become insolvent
  • Retired director or officer cover for unlimited period of time

The above information is intended to be a general summary for reference only and does not form part of the policy. You should refer to the policy wording for exact terms, conditions and exclusions. The above information shall not be construed as an offer to sell or solicitation to buy or provision of any of our products outside Hong Kong. For further information, please contact Chubb Insurance Hong Kong Limited on +852 3191 6800.

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