Corporate Advantage - Management Liability Insurance
Comparison Table
Which Directors & Officers policy should you use?
CGU PRI CORPORATE ADVANTAGE - MANAGEMENT LIABILITY POLICY (CGU Entity 1/06)
-
Large number of additional extensions broadening CGU Professional Risks Insurance D&O wording making it specifically designed for private companies. (Corporate Advantage cannot be provided for public listed companies).
-
Indemnity limits generally restricted to $10m or less in aggregate liability. Any public listed companies and larger private companies requiring higher limits of indemnity should consider CGU Professional Risks Insurance D&O Policy.
-
It is intended to provide protection not only for the assets of the individual directors and officers but cover is also extended to the company for defined exposures. This is done by firstly broadening CGU Professional Risks traditional D&O coverage and then incorporating it with five other insurance covers under the one policy.
CGU PRI D&O POLICY (CGU D&O 1/06)
- Our existing CGU Professional Risks Insurance D&O wording is primarily aimed at protecting the personal assets of the directors.
- The policy serves a broad range of companies operating across a broad range of industry types. These entities include public listed (and unlisted), private (both small and large), cooperatives, mutuals, government entities and non profit organisations.
- Broadened wording including clarity for directors with respect to advancement of defence costs, broader severability cover and limited application of fraud and dishonesty exclusion.
- Indemnity limits of up to $20m available.
- Broad range of optional extensions including EPL (Entity) cover at a very competitive premium available to small and larger organisations.
- Additional optional extensions include prospectus liability, reinstatement of limit, pre-acquisition liability, USA/Canada extension and pollution defence costs cover which serve the needs of larger corporations.