Optional covers for Employment Practices Liability, Crime & Pension Trustee & Employee Benefits Liability.
PrivateEdge, our Directors & Officers liability (D&O) package provides extensive protection for a wide range of risks that individual directors and officers face in businesses of all sizes. It also protects the business itself.
New optional modules allow PrivateEdge to be tailored to the needs of individual clients including a strategic crisis response consultancy for director, Employment Practices Liability, Pension Trustee Liability and Employee Benefits Liability and Crime.
A D&O claim can be a daunting experience for clients, but with AIG no matter what kind of D&O claim you face our highly experienced claims team will have seen something like it before. PrivateEdge policyholders are also entitled to complimentary legal advice from 3 of the UK’s top legal firms.
New optional modules allow PrivateEdge to be tailored to the needs of individual clients. Optional modules include: Security Response, Employment Practices Liability, Pension Trustee & Employee Benefits Liability and Crime.
Privately Owned Companies in all sectors with turnovers up to £250m, all types of partnerships and not-for-profit organisations.
See our Risk Appetite
It’s not just directors that get drawn into D&O actions, claims can include others such as “de facto” directors, managers and supervisors. To be safe we cover all kinds of directors and all company employees in PrivateEdge as well as spouses, partners and heirs.
Claimants can take a “scattergun approach” claiming huge initial sums (e.g. six or seven figures) from an array of individuals. This can be a shock to the managers and supervisors involved. We’re used to these tactics and fund an expert defence for clients that otherwise may not have been affordable.
The first time in a courtroom and hearing one’s rights read can be a very intimidating experience. This is why we make sure that clients are thoroughly prepared, e.g. mock interviews to help directors rehearse the most important points in their defence and prepare them for tough questioning.
False and even malicious accusations against our clients have to be vigorously defended and they can be intensely stressful and time consuming for the individuals involved. We know many find it to be a great reassurance knowing they have the biggest and the best in their corner fighting for them.
Being a great director isn’t the same as being a good defendant. Many are strong-willed individuals who want to proactively lead situations, but in an “inquisitorial” environment they must tread carefully with expert guidance, particularly when facing difficult allegations by skilled investigators or prosecutors - which is funded by new PrivateEdge.