Coverage Highlights
Why do you need multinational D&O coverage?
Multinational corporations commonly purchase a global D&O liability insurance policy in their home country under the assumption that this policy will offer solid protection everywhere in the world. However, the world is changing, and international awareness of D&O liability is expanding. Consider:
- The rising tide of corporate governance reforms
- An increasing number of lawsuits or regulatory actions pursued against corporate boards or officers
- More countries adopting new insurance regulations.
Any of these developments can increase the likelihood of a lawsuit arising that could have a significant negative impact on your company’s bottom line or on the liability of its directors and officers. Additionally, they could challenge the effectiveness of your company’s single-policy approach.
Chubb’s Solution: A Personal, Flexible Approach to Solving Multinational D&O Risk
With Chubb, you deal with one globally integrated insurer with the capability to issue local D&O liability insurance policies in more than 40 countries.
We issue locally admitted policies that address jurisdictional risks and other uniquely local D&O liability exposures, written in the local language, ensuring compliance with local insurance regulations and tax laws. This way, you can be confident that your policy will work as intended.
Our flexible, team-oriented process is designed to:
- Help you clearly identify your company’s unique multinational D&O liability exposures
- Build an effective multinational D&O liability insurance program that specifically addresses your exposures.