Robust, reliable insurance for your leadership team
Any business leader can face potential claims from shareholders, employees, competitors and regulators. Our directors and officers liability insurance for financial institutions protects executives in asset management firms and funds, banks, building societies and insurance companies against breach of duty, negligence and other legal actions.
RISK SCENARIOS
Who it’s for
We cover your directors and other management employees across a wide variety of roles. Positions we insure:
All types of past, present and future directors and officers
Managerial and supervisory employees
Employees who are co-defendants, including retired directors
Directors and other individuals who, at the company’s request, serve on an outside board
The spouse, estate or legal representative of deceased directors
Approved individuals performing controlled functions and those designated under the senior executive accountability regime
The company, in the case of securities action claims
What it covers
The policy covers executives for defence costs and legal liability arising from:
Wrongful acts
Errors and omissions
Misstatement
Negligence
Breach of duty
Cover includes:
Damages, judgments, expenses and defence costs
Costs of legal representation for investigations
Losses incurred within 30 days of management buyouts of a subsidiary
Costs arising from extradition proceedings
Cover for deprivation of assets of individuals
Civil fines and penalties cover for individuals where insurable by law
Tax contributions where the company has become insolvent and there is personal liability of an insured director
WHY CHUBB?
WHY CHUBB?
We’re experts in directors and officers liability for financial institutions – and we care about your business
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in directors and officers liability cover means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
Financial institutions insurance provides coverage to asset management firms, banks and lending institutions, and insurance companies. Chubb offers financial institutions a broad range of customised, reliable protection.
Being in a highly regulated industry requires an investment in risk management and compliance. When banks and other financial institutions choose Chubb as their insurance partner, they benefit in many ways. We offer liability and first party insurance for asset managers, banks and lending institutions; there are checks and balances for employee fraud, so avoiding reputational damage, regulatory scrutiny and loss of business.
