Directors and Officers / Company Reimbursement (including Corporate Entity and Employment Practices)
Features and Exclusions are in summary form only and may change from time to time so please refer to the current policy wording for a full explanation of cover available under each of the policies
Coverage features:-
- Extended Reporting Period
- Advancement of Defence Costs
- Contractual Liabilities, Assumed Duty or Obligation
- Continuous coverage clause.
- Extended Period of Cover for Retired Directors
- Intellectual Property
- Estates and Legal Representatives
- Defamation
- Penalties Liability - Sub limit $100,000
- Pollution Liability - Sub limit $100,000
- Severability
- Spousal liability
- Subsidiary Created or Acquired
- Subsidiary Run - Off Cover
- Not for Profit Outside Directorships and Run Off Cover
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Major Exclusions:-
- Prior or Pending Claims, known facts or circumstances
- Substantial Shareholders
- Joint Venture Partners
- Insured Vs Insured (limited coverage applies)
- Capital Raising Disclosure Document
- Breach of Professional duty
- Contractual Liability, Assumed Duty or Obligation
- Fines and Penalties
- Insolvency Exclusion 5.7 (can be removed based on underwriting info)
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Capacity:-
• Up to $10M (with sub limit of up to $2m EPL)
