CorporateGuard Premier - Corporate Liability Insurance - Chartis

Product Profile
CorporateGuard Premier - Corporate Liability Insurance
Directors and Senior Executives work in an increasingly challenging regulatory environment. Companies
throughout the world are facing a battery of continually evolving laws, codes and standards. Chartis is one of
Asia’s leading Directors and Officers (D&O) Liability insurers, and our new flagship 2010 CorporateGuard
Premier Corporate Liability insurance product for stock exchange listed companies (including US Securities
exposed corporations) provides broader, more relevant coverage, with fewer restrictions and more unique value
added services. All this is underpinned by arguably the most experienced D&O claims teams within the
insurance industry (both throughout Asia and the world).
Covers
– Non-rescindable policy for individuals (unless fraud)
– Defence costs, damages (including punitive and exemplary
damages, as well as pre and post judgment interest on a
covered judgment or award), and settlements for “Wrongful
Acts”
– Employment Practices Liability cover (including emotional distress)
for both individuals and the Policyholder (including Subsidiaries)
– No pollution exclusion
– Bodily injury / property damage claim defence costs cover
(sub-limited)
– No trustee exclusion
– Legal fees and expenses (including Pre-Investigation Costs
for Regulatory Crisis Events) for attendance at Investigations
and Inquiries into the affairs of the Company (up to full policy
limit subject to individual risk profile)
– Automatic Outside Directorship cover (including 90 day
‘window’ for Financial Institutions)
– Full severability of proposal form and conduct exclusion
– No Insured v Insured exclusion for non-US Claims
– Insured vs Insured Defence Costs cover for US claims (full
policy limit)
– Asset and Liberty Costs (including bail bond and director
disqualification - up to full policy limit subject to individual
risk profile)
– Public Relations Expenses
– Extradition Costs Expenses
– Environmental Management Liability Defence Costs cover
(automatic for all industry types)
Cover Extensions
– Excess Limit for Policyholder Directors (including separate
‘ring-fenced’ sub-limit for Non Executive Independent Directors
- over and above the aggregate Limit of Liability purchased)
– Emergency pre-approved Defence Costs for all Claims
– Automatic cover for new Subsidiaries (including both ‘reverse’
take-overs and US stock exchange listings)
– Bilateral discovery period
– Life-time run-off cover for Retired Directors
– Company crisis loss cover (sub-limited)
Broker Facts Full investigations
cover
Emergency
pre-approved
defence costs for
all claims
Extensive Outside
Directorship Cover
Value Added Services
– Additional regulatory crisis response cover (sub-limited)
– Exclusive DLA Extra Package for publicly listed companies
(available in select jurisdictions only)
Insured
– Includes past, present, and future directors, officers, employees,
shadow directors, committee members, outside entity
directors, spouses (including domestic partners), administrators
and executors of Insured’s estates
Policy Form and Indemnity Limit
– Full retroactive cover on a claims made basis
– Policy limits of up to USD 50 million (subject to individual risk
profile)
– Can insure the Company up to the same indemnity Limit of Liability
as the D&O Limit of Liability (subject to individual risk profile)
– Up to 100% Entity cover irrespective of whether an Insured is
named as a co-defendant
– Cover for Claims in respect of public or privately traded
securities
– Judgments, settlements, and defence costs (including costs of
preparation of accredited expert reports if applicable)
– Reimbursement of all Defence Costs incurred within thirty (30)
days of receipt of sufficiently detailed invoices
Exclusions
– Fraud (applies to ‘final adjudication’ or ‘formal written
admission’ only)
– US Insured v Insured (full Limit of Liability for Defence Costs)
– Prior and Pending Litigation
This product profile is intended as a guide to coverage benefits
only. Scope and precise breadth of policy coverage is subject to the
specific terms and conditions of the policy wording.
Continued >

China
Shanghai
Tel: (86) 21 3857 8000
Fax: (86) 21 3857 8111
Guangzhou
Tel: (86) 20 3819 5111
Fax: (86) 20 3819 5000
Shenzhen
Tel: (86) 755 3685 6000
Fax: (86) 755 3685 6100
Beijing
Tel: (86) 10 5969 2888
Fax: (86) 10 5969 2999
Guam
Tel: (1) 671 472 6816
Fax: (1) 671 477 5273
Hong Kong
Tel: (852) 3555 0000
Fax: (852) 2834 5676
Indonesia
Tel: (62) 21 5291 4888
Fax: (62) 21 5291 4889
Malaysia
Tel: 1 800 88 88 11
Fax: 60 3 2058 5500
Philippines
Tel: (632) 815 3000
Fax: (632) 815 3710
Singapore
Tel: (65) 6419 1000
Fax: (65) 6225 6772
Taiwan
Tel: (886) 2 8758 6666
Fax: (886) 2 2723 2050
Thailand
Tel: (66) 2 649 1000
Fax: (66) 2 649 1599
Vietnam
Tel: (84) 8 3914 0065
Fax: (84) 8 3914 0067
CorporateGuard Premier - Corporate Liability Insurance
Broker Facts
Partial Reinstatement of Limit of
Liability for Policyholder’s
Directors
Non-rescindable Policy
for Individuals
Assists the Company to reassure the parent company Directors (both
executive and non-executive) by providing an additional Limit of Liability
above and beyond the overall policy Limit of Liability (including a ‘ringfenced’
limit for the benefit of the Policyholder’s Non Executive
Independent Directors only).
“Sleep-easy” reassurance for directors that, once the policy is incepted,
cover will not be withdrawn because of errors or fraudulent non-disclosure
in the policy form that may have been completed by another director.
Full Investigations Cover A frequent source of claim and a coverage that is often sub-limited in value
by insurers throughout Asia. Chartis with its 2010 CorporateGuard Premier
Corporate Liability policy, can provide cover up to the full policy Limit of
Liability (subject to individual risk profile)
Extensive Outside
Directorship Cover
Emergency Pre-approved
Defence Costs
Regulatory Crisis
Response Cover
Lifetime Runoff for
Retired Directors
Bodily Injury/Property
Damage Defence Costs
No Pollution or Trustee
Exclusions
Blanket cover provided automatically for all commercial industry types
(excluding US securities traded companies).
To facilitate a Insured’s best defence in the event of an emergency,
emergency Defence Costs can be incurred (without Chartis’ prior
agreement) up to a limit of 10% of the Limit of Liability.
A specific fund of up to USD100,000 is available to use at the Insured’s
discretion in facing a regulatory crisis (such as a dawn raid). This is over and
above specific investigations cover.
“Sleep-easy” cover for directors who have retired or resigned from the
company (except where there has been a Transaction).
Applies where a claim is made against an individual Insured for bodily injury
or property damage for extra protection (sub-limited)
Examples of how CorporateGuard is there for the reassurance and
protection of individuals in an even greater number of circumstances.
Public Relations (PR) Costs PR costs now available as soon as an individual faces a claim or
investigation to protect their professional reputation (sub-limited)
Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a
90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its
commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc.
All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual
policy language.