Financial Institutions – D&O

Our solution protects Directors & Officers for claims made against them while serving on a Board of Directors and/or as an Officer. In effect, the policies function as "Management Liability Insurance", covering claims resulting from managerial decisions that have adverse financial consequences.

Some distinctive features of D&O policies are that they: (1) are written on a claims-made basis, (2) usually contain no explicit duty to defend the insureds (when covering for-profit businesses), and (3) cover monetary damages but exclude bodily injury (BI) and property damage (PD).

USD5M Capacity

Up to USD500M in total assets.

CLAIMS/SUITS MAY BE FORMULATED BY:

  • Shareholders
  • Employees
  • The Company
  • Creditors
  • Competitors
  • Customers
  • Regulatory Entities
  • Government

COVERAGE EXTENSION:

  • Advance of Defense Expenses (Final Adjudication).
  • Extension to Spouses, heirs and Legal Representatives of the insured.
  • External directors in nonprofit entities - for profit.
  • Inclusion of Claims in Labor Matters.
  • Advertising expenses.
  • Crisis management.