PrivateEdge Insurance provides a comprehensive and flexible solution for the Insured to manage potential liability resulting from the action or inaction of their directors and officers and the employment practices they implement.
Defense costs, damages
Including punitive and only exemplary damages, as well as pre and post judgment interest on a covered judgment or award, and settlements for “Wrongful Acts.”
Investigation and regulatory crisis events
Legal fees and expenses of the Insured Person for investigations into the affairs of the Company (no physical attendance to hearing is required).
Excess limit protection
Additional Limit for Policyholder Directors when the Limit of Liability, all other applicable management liability insurance and all other indemnification for loss available have all been exhausted.
Outside directorship
Automatic coverage is provided for outside directorships in place at Inception Date and new outside directorships commencing during the Policy Period, provided they do not relate to financial institutions or US-listed business. 90 days automatic coverage is provided for new outside directorships commencing during the Policy Period that is related to financial institutions or US-listed companies, during which time the Insured can apply for an extension of cover.
Bodily injury and property damage defense costs
Applies where a claim is made against an individual insured for bodily injury or property damage for extra solution; including health and safety and manslaughter defense costs.
Assets and Liberty
Expenses provide a daily allowance for the Insured Person’s domestic expenses during a period of 12 months following any asset freezing order which prevents access to the Insured Person’s own funds. It includes bail bond and directory disqualification.
Public relations expenses
Reasonable fees, costs and expenses incurred of public relations consultants retained to mitigate the adverse or potential adverse effects of Insured Person’s reputation resulting from a claim.
Extradition costs expenses
Reasonable fees, costs and expenses incurred in any extradition proceedings or related appeal.
Company securities
Automatic cover for existing securities and secondary offerings outside USA (50 percent market cap restriction on secondary offerings removed).
Company employment practices breach
Losses arising from employment practices related claims.
Initial offering, listing or Trading of Securities
Automatic 30-day cover for losses arising from.
Secondary Offering of Securities
Losses arising from existing Securities.
Automatic new subsidiary
New restriction on automatic cover for new subsidiaries: where a new subsidiary has total assets representing more than 50 percent of the consolidated assets of the Policyholder, or has US-listed securities, 60 days’ automatic cover only is provided, during which time the Insurer may issue an offer for further cover.
Discovery period
Automatic 90 days discovery period (i. Additional Premium of 50 percent in Insurer declines to offer renewal terms; ii. Additional Premium of 150 percent if Policyholder declines to accept renewal terms).
Emergency costs
Pre-approved defense costs for all claims (up to 10 percent of the Limit of Liability).
8 878-5506