Companies today have to operate within a growing array of complex laws, rules and regulations, which increase the possibility of loss and consequent litigation. Nearly every industry can be affected by suits against the company, management and employees.
Unrestricted definition of directors or officers covering all types of past, present and future directors and officers
Managerial and supervisory employees
All employees for employment related wrongful acts
Employees as co-defendants
Retired directors, other than those retired because of disqualification from holding office
Outside directors who, at the request of the company, serve on an outside entity board
Spouse, estate, or legal representative of deceased directors
All approved persons who perform controlled functions
Any lawyer employed by the company who in their capacity as such must comply with Sarbanes-Oxley Act of 2002
D&O For Private Companies
Chubb has two Directors & Officers Liability products. In addition to Elite V, we also offer Elite Plus Management & Corporate Liability. This is aimed at any private limited company with less than £500 million turnover.