Skip Navigation

ACE

ACE Online

ACE Online Directors & Officers Liability

Directors & Officers (D&O) insurance protects directors, officers and other people with managerial responsibility from legal and other costs they may become personally liable to pay as a result of litigation.  Actions against these managers can be brought by various parties including shareholders, government bodies, regulators, liquidators/receivers, creditors and other third parties.

ACE Online can accommodate companies with assets up to €250 million in a wide range of trades. The policy extends to include defence costs arising out of criminal and regulatory investigations. It is written on a claims made basis and offers wide cover including:

  • Emergency defence costs and legal  representation expenses
  • Retired director or officer cover

The policy can be extended to include cover for the company itself under certain circumstances, including health & safety investigations and employment practices liability claims.

Product benefits

  • Fully supported by experienced and professional underwriters who are on hand to help quickly with quotes and technical questions.
  • The Elite IV policy provides one of the widest covers in the market.
  • ACE was one of the first insurers to offer D&O cover and has long experience and in-depth knowledge of the issues facing directors and officers in today’s legal environment.
  • We have a local dedicated claims team that specialises in financial lines.

Documents

Document Name Size Date
ACE Online Directors & Officers Liability.pdf 54 KB 11/14/2011
ACE Online Directors & Officers quick quote guide.pdf 54 KB 07/08/2011

Case Studies

To help you talk to your clients about the need for and benefits of D&O cover, here are some real examples of incidents from recent years:

Allegations of fraud
A company claimed up to €130m over the acquisition of a construction business, alleging that the financial position of the construction business had been fraudulently misrepresented by the directors prior to its sale. Defendants with ACE D&O may have been in a position to have claimed recovery of the defence costs involved in the proceedings.

Health & safety infringements
A construction company director was fined for safety breaches after an employee was killed in a site accident on the company premises. The director pleaded guilty to failing to ensure the safety of a person working for him and was fined €12,500. Although the fine would not have been covered, the cost to defend the director may have been.

International prosecution
Three UK executives appeared in court charged with operating a worldwide price-fixing cartel. The three, who were arrested in the US, appeared at the City of London Magistrates’ Court. Defendants with ACE D&O cover may have been in a position to have claimed recovery of the defence costs involved in the proceedings.

The examples of claims or situations on this site do not imply that similar circumstances would constitute a valid claim. Each claim is reviewed individually in accordance with the specific policy wording.