In today’s connected environment, cyber security is a widespread concern. Yet analysts fear that, across many different industry sectors, some companies are failing to take their responsibilities seriously.
Companies today have to operate within a growing array of complex laws, rules and regulations, which increase the possibility of loss and consequent litigation. Every industry can be affected by suits against the company, management and employees.
Chubb has more than 30 years’ experience underwriting the exposures faced by executives. We offer market-leading protection for companies and senior management provided by our experienced team of underwriters.
Chubb offers leading Directors &Officers insurance product catering for the different needs of businesses:
What does it cover?
Comprehensive cover for the directors and officers of publicly listed and private companies against defence costs and legal liability incurred from:
Wrongful acts
Errors and omissions
Misstatement
Negligence
Breach of Duty
Who is insured?
Directors and officers, including:
Broad definition of directors or officers covering all types of past, present and future directors and officers
Managerial and supervisory employees
All insured persons 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 or equivalent legislation in the coverage jurisdiction
