|The Directors and Officers commonly referred to as D&O is a type of insurance. D&O liability is one of the features of Chubb. This comes under the group's non-profit policy. Basically d&o is liability insurance payable to the directors and officers of a company. It covers damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts. The claims examples or scenarios include discrimination, harassment and wrongful termination etc. The executives can be sued over the managerial decisions they make. The coverage can extend to defense costs arising out of criminal and regulatory investigations. It also provides for EPL coverage. The application form for this policy is available online. This policy is very much affordable and provides a broad coverage. It includes worldwide coverage, pollution, insured person's tax liability cover, corporate manslaughter as well as occupational health and safety. One of the benefits is that the underwriter has to meet the defense costs of an insured. |
Chubb D&O EliteThis was introduced four years ago providing a dedicated limit of liability for directors and officers.
|Chubb D&O Elite offers an exclusive endorsement called the Director Protector. This assists in protecting independent directors and officers who serve on a particular board committee. Chubb D&O Elite further protects the executives when other D&O insurers fail. Overall, it gives a clear up to date excess liability protection. The latest news is that an analysis had been earlier made that Chubb D&O loss reserves may be insufficient.|
Chubb D&O Policy WordingChubb D&O Policy Wording is available on the company's official website. This allows the clients and customers to make the right decision in regards to what policy or insurance package they want to take up. The Policy Wording can be downloaded hassle free in the PDF format. This can be accessed from
http://www.chubb.com/international/singapore/ah/chubb5036.html. One will come across the link Download Group Personal Accident Policy Wording. Overall, policy wording helps in understanding the insurance easily. Through this, the insurance key terms or jargons are put into simple words.
Those seeking further details can visit the Chubb website.