‘Wrongful Acts': breaches of duty or trust, neglect, error, misstatement, misleading statements, omission, negligent act or any other act wrongfully committed.
Advancement of defence costs.
Damages awarded against the director or officer, including exemplary damages for libel and slander.
Company reimbursement.
Investigation legal fees and expenses, covering the company and the individuals.
Blanket cover for any person deemed to be a director or officer, past, present and future.
Managerial/supervisory staff included as insured persons.
Employment practice liability claims including cover for ‘emotional distress'.
Insured v Insured:
Employment practice claims
Contribution and indemnity claims
Any claim initiated by a former director or officer
Shareholder derivative claims
Defence costs.
Pollution defence costs.
Outside directorship cover.
Automatic cover for subsidiaries.
Bi-lateral discovery.
Optional cover
Employment practice liability insurance for claims against the company.
Crime insurance.
Cover excludes
Professional liability.
Pension Trustee liability.
Profile of target companies
Businesses with turnovers of less than or equal to £50 million.
Businesses with no assets or turnover in North America.
UK-registered businesses with Private Limited status.
Businesses that have been trading for more than 18 months.
