Financial Lines

Whilst the furtherance of a company’s core trade and business ought to be its main concern, the many aspects of company life expose not just the company itself to civil, criminal and regulatory action, but also those involved with the company; directors, officers, senior managers, employees and pension trustees and administrators. Actions can be brought by a wide range of parties, including employees, shareholders, pension scheme beneficiaries, customers, creditors, liquidators, competitors and regulatory bodies. We provide the following financial lines products for your clients:

Directors and officers liability:

To insure directors and officers (and in some cases other employees) for defence costs and legal liability incurred on account of claims and prosecutions against them in their role in the insured organisation. Also to insure them for representation costs in investigations of them by regulators and other authorities

Employment practices liability:

To insure companies and their directors, officers and employees for defence costs and legal liability incurred on account of claims and prosecutions against them for wrongful treatment of employees or prospective employees.

Pension scheme liability:

To insure companies, pension schemes and corporate trustees and their directors, officers, employees, pension scheme trustees and pension scheme administrators for defence costs and legal liability incurred on account of claims and prosecutions against them for wrongful acts, errors or omissions (including breach of trust) in respect of the operation of a pension scheme.

Corporate legal liability:

To insure companies for defence costs and legal liability incurred on account of claims and prosecutions against them for a wide range of wrongful acts, errors and omissions. Also to insure them for representation costs in investigations by the Health and Safety Authority.

Please visit our document store for proposal forms and relevant information.