Corporate governance reforms carried out across the world in recent years have added significantly to the responsibilities of executive and non-executive directors of companies. The legal landscape senior corporate individuals must navigate is therefore increasingly fraught with twists and turns.

They understandably look for robust insurance cover to protect them in the execution of their responsibilities. Beazley has designed clear insurance to give directors and officers confidence that they have comprehensive protection against claims arising from actions taken in their corporate roles.

Protection for directors and officers, as well as other individuals, including coverage for:

• Regulatory and internal investigations
• Data breach
• Environmental claims
• Health and safety claims
• Insolvency hearings
• Extradition
• Damage to reputation
• Freezing of assets and disqualification
• Full limit mitigation costs cover
• Automatic reinstatement of limit for non-indemnifiable loss

Protection for the company, including costs relating to:

• Payments made to indemnify individuals
• Securities claims
• Regulatory and internal investigations
• Books and records demands
• Derivative demands

Limits

Up to US$25,000,000

Target market

A broad range of financial institutions can benefit from Beazley’s specialised cover, including:

• Banks
• Investment managers
• Insurance and reinsurance companies
• Stockbrokers
• Stock exchanges
• Clearing houses
• Regulated marketplace lenders.

Territories

Worldwide (excluding United States domiciled organisations).