• Loss includes punitive and exemplary damages and the multiplied portion of any multiple damage award where insurable
  • Industry leading claims handling expertise, including no panel counsel requirement
  • Ability to coordinate placement of a locally admitted policy in many foreign jurisdictions where required

 

This policy offers broad insurance coverage for risks facing directors and officers of financial institutions.

Coverage Highlights

Benefits
  • Industry leading claims handling expertise, including no panel counsel requirement
  • Ability to coordinate placement of a locally admitted policy in many foreign jurisdictions where required
  • Broad definition of insured person
  • Broad definition of claim and securities claim
  • Broad application severability for insured persons

 

Coverage
  • Formal investigation coverage for insured persons
  • Loss includes punitive and exemplary damages and the multiplied portion of any multiple damage award where insurable

 

Limits
  • Up to $25 million

 

Target Clients
  • Any type of public, private, or not-for-profit institution