Directors and Officers
Providing personal liability protection for directors and their company
DirectorXpress is the latest insurance product from Travelers which provides a wide cover for both directors and companies.
Directors & Officers Cover
Personal protection for directors, officers and senior employees of a company. For example - claims from shareholders, allegations of wrongful trading, prosecution by regulatory agencies.
Corporate Liability Cover
Protection for claims made against the company for financial loss. For example - prosecutions by regulatory agencies, claims from third parties such as competitors or business partners.
Employment Practices Liability Cover
Protection for the company against claims by employees for breaches of employment conditions or regulations. For example - unfair dismissal, racial discrimination, age discrimination, unequal pay.
Who does our DirectorXpress cover insure?
- Private companies domiciled in the UK
- Non-profit organisations in the UK
- Residents’ management companies.
Key elements of the cover
- Separate aggregate limits of indemnity for each cover
- Broad definition of insured person
- Wide definition of employment practice claim
- Outside directorships
- Corporate manslaughter
- Retired directors
- Automatic cover for acquisitions
- Crisis management expenses
- Public relations expenses
- Pension liability
- Contractual liability
- Identity theft expenses
- Waiver of retention when no liability of Insured
- Innocent non-disclosure clause
Limits
Capacity of up to £5,000,000 available for the D&O and Corporate Liability covers and up to £1,000,000 for Employment Practices Liability cover.
Premium/instalment facilities/brokerage
Premiums start from £250 and instalment facilities are available. Typical brokerage is 17.5%.
Claim Examples
Click on the following link to see a selection of claims examples for each element of the policy cover.
Directors & Officers
Corporate Liability
Employment Practices Liability
Online Quotes
- Simple, easy to use, indication facility
- Full binding authority available in certain circumstances
- Enhanced brokerage
Contacts
Director Xpress Policy Wording
Director Xpress Cover Summary
Director Xpress Factsheet
Director Xpress Proposal Form
Travelers Professional Risks Limited is an appointed representative of Travelers Insurance Company Limited which is authorised and regulated by the Financial Services Authority.
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Travelers Insurance Company Ltd.