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Directors & Officers Liability

Being a company director or officer makes you vulnerable to allegations of wrongful acts in the course of doing your job

Directors & Officers Liability

Being a company director or officer makes you vulnerable to allegations of wrongful acts in the course of doing your job

At a Glance

Chubb’s Directors & Officers policy provides personal protection for directors, officers and management against financial loss arising from the potential exposures associated with managing or supervising the company (whether private or listed), and legal representation expenses regarding regulatory investigations.

Key Coverage
  • Defence costs, legal representation expenses, damages, judgements, settlements, bail bond costs, crisis costs, deprivation of asset costs, prosecution costs, public relations expenses
  • Costs arising from extradition proceedings
  • Tax contributions where the parent company has become insolvent and there’s personal liability of an insured
  • Losses incurred against Insured Person for civil fines and penalties

Benefits
  • Broad definition of insured and covered act
  • Cover for additional excess limit for non-indemnifiable loss for all main board directors
  • Retired director or officer cover for unlimited period of time, if Insurer or Insured terminates or non-renews the policy

How to Apply

Simply call our DBS Chubb Insurance Service Hotline at 3191 6618 or contact your Relationship Manager for more information.

Important notes:

  1. The above insurance plan is underwritten by Chubb Insurance Hong Kong Limited ("Chubb"). Chubb reserves the right of final approval. DBS Bank (Hong Kong) Limited ("the Bank", which expression includes its successors and assigns) is an insurance agent authorised by Chubb.
  2. DBS Chubb Insurance Service Hotline is a dedicated enquiry hotline for DBS customers serviced by Chubb.
  3. The Bank may receive commissions and incentives from Chubb as remuneration for marketing or promoting Chubb’s products.

Collection of Levy on Insurance Premium
The Insurance Authority (IA) has announced the collection of levy on insurance premium in accordance with relevant laws and regulations. Effective from 1 January 2018, all premiums shown in this webpage are subject to levy.  Find out more at www.ia.org.hk/en/levy.

The above information are the highlights of plan’s coverage only. For the plan's details, please refer to the terms and conditions and exclusions of the policy. In the event of any discrepancy between English and Chinese version, the English version shall prevail.