Chubb’s
ForeFront Portfolio Directors and Officers
Liability Insurance is specifically
designed to help protect the personal assets
of a privately owned company’s directors
and officers, as well as the financial well being
of the company itself.
Features include:
- Broad
definition of insured persons, including executives,
directors and
officers and their worldwide equivalents,
employees, and spouses.
- Loss
payments made to insured persons before the
corporation.
- Private
placement securities protection.
- Automatic
not-for-profit outside directorship liability
protection.
- Optional
additional dedicated limit of liability for
executives for nonindemnifiable
claims.
- Payment
of 100% of defense costs within the available
limit even if only
part of the claim is actually insured.
- Broad
favorable venue language for punitive damages
(where insurable
by law).
Typical Suit allegations:
- Compensation
arrangements
- Disclosure
of material facts
- Corporate
gifts or contributions
- Compensation
to directors or officers
- Failure
to detect /stop embezzlement
- Wasting
of Corporate assets
- Violations
of state statutes
- Perversion
of Corporate opportunity to corporate
officers’ personal benefit
|
- Conflicts
of interest
- Giving
false/misleading information
- Fraudulent
conduct
- Unfair
competition
- Willful
wrongdoing
- Violations
of articles or bylaws
- Loans
to directors and officers
|
Forefront
Portfolio - New Business Application >
Forefront
Portfolio - Renewal Business Application >
Directors
& Officers Liability Insurance - Newsletter & Fax-In Form >
Executive
Risk Insurance - Powerpoint Presentation >
