Directors & Officers Liability
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
Why choose Chubb?
Longevity
Chubb has pioneered insurance solutions for directors and officers for decades
Unparalleled coverage and services
Chubb’s specialist cover for private companies is among the most comprehensive available.
Global service
Chubb’s wholly-owned network means it can deliver consistent, high quality services worldwide
Superior Rating
Chubb Group’s core operating companies are S&P AA rated. Chubb Insurance Pakistan Limited is rated AA by VIS.
Award-winning claims service
Chubb’s claims team is consistently acknowledged as the best in the market