Deacon has negotiated additional cover as standard for Directors and Officers liability insurance with Zurich, one of our well-known insurers.
Here are 6 new or enhanced cover features:
NEW COVER – Identity fraud
If someone poses as you and then enters into an agreement with a third party, we will now pay reasonable fees and costs to establish that such fraud has occurred.
INCREASED COVER – Entity Employment Practice Cover
The policy cover limit has now increased and will now cover you up to £250,000*gainst costs of defending any employment related claims.
NEW COVER EXTENSIONS – Criminal or Fraudulent Acts
Should an employee or insured person commit a crime resulting in financial loss to your property or a loss of monies to your limited company we will compensate you for this up to £100,000*. This cover now also applies to Third Parties.
NEW COVER – Loss of Documents
We will now pay reasonable costs for the restoration or replacement of lost or damaged records, including financial documents kept on computer which you are legally responsible up to a limit of £100,000*
NEW COVER – Taxes and Employee Compensation
The policy will now cover all financial loss relating to corporate taxes owed by you up to £50,000. This also includes any employee compensation that is owed.
INCREASED COVER – Enhanced Company Contractual Liability Defence Costs
Legal costs for defending allegations against a company director can run into thousands of pounds. Our reduced exclusions and increased cover to £50,000 make this cover more comprehensive.
Deacon uses only approved insurers
In order to help protect our clients we are careful about the insurer partners we use. We only use insurers with suitable financial strength and claims paying ability.
Broker Claims Team of the Year, Insurance Times Magazine May 2016.
* As with all insurance policies, the policy is subject to limits, conditions and exclusions. For more information please contact us to discuss further, or request a full summary of the cover or the full policy terms and conditions.