Management Liabilities

A standalone policy that serves to protect companies, directors, and officers from claims arising from a company’s capital raising.

In any initial public offering or private placement, errors or omissions in a prospectus, offers information statement or profile statement can put the issuing organisation and the directors and officers involved, at risk. They should be protected against damages awarded against or settlements negotiated with the insured, including costs of defending such suits, legal costs and expenses awarded.

Small and Medium Size Enterprises

Coverage Highlights:

PrivateEdge reimburses the Company, its directors or officers for the loss resulting from any claim alleging a wrongful act. The coverage highlights are as follows:

Management and Corporate Liability Cover

• Protection for company (Sub – limited to 20% of the Policy Limit) and natural persons
• Defence costs relating to breach of contract claims
• Indentity Fraud coverage for the Company when any party other than the employee of the insured Company fraudulently represents the insured Company
• Crisis event - public relations consultation
• Additional indemnity limits for board of directors
  

Extensions:

• Entity and Individual Investigation costs coverage
• Public Relation expenses for Corporate Manslaughter
• Bodily injury and property damage defence costs
• Emergency costs - coverage incurred before written approval is obtained from the Insurer if Insurer's consent cannot reasonably be obtained
• Civil fines and penalties where insurable by law
• 90 days free discovery period
• Lifetime discovery period for retired managers
• Extradition costs
• Asset and Liberty Cost ensures timely defence when an asset is confiscated or the liberty of the director or officer is restricted
• Public relations expenses other than Crisis Event expenses
• Court attendance allowance
• Automatic cover for new subsidiaries
• Continuous cover provision - provides cover for claims not notified prior to commencement of renewed policy period (thereby providing incentive for renewal)
• Tax Liability
• Data Protection Liability
• Optional Extension for Entity Employment Practice Liability Cover
  

Indemnity Limits:

A quotation can be provided to clients with total asset size less than RM50m on site with the completion of the Quick Application Form. Higher limit of liability options and / or clients with total asset size more than RM50m are also available on request.

Not-For-Profit Entities, Association

Coverage Highlights:

PrivateEdge (Not-For-Profit) provides a comprehensive coverage for Not-For-Profit entities, reimburses the Not-For-Profit Entities, its directors or officers, or committee members for the loss resulting from any claim alleging a wrongful act. The coverage highlights are as follows:

Management and Corporate Liability

• Protection for the Entities (Sub – limited to 20% of the Policy Limit) and natural persons
• Defence costs relating to breach of contract claims
• Indentity Fraud coverage for the Company when any party other than the employee of the insured Company fraudulently represents the insured Company
• Crisis event - public relations consultation
• Additional indemnity limits for board of directors
  

Professional Liability Cover

• Civil Liability
• Intellectual Property
• Defamation
• Fraud / Dishonesty
• Loss of Document
  

Extensions

• Entity and Individual Investigation costs coverage
• Public Relation expenses for Corporate Manslaughter
• Bodily injury and property damage defence costs
• Emergency costs - coverage incurred before written approval is obtained from the Insurer if Insurer's consent cannot reasonably be obtained
• Civil fines and penalties where insurable by law
• 90 days free discovery period
• Lifetime discovery period for retired managers
• Extradition costs
• Tax Status Cost Cover
• Asset and Liberty Cost ensures timely defence when an asset is confiscated or the liberty of the director or officer is restricted
• Public relations expenses other than Crisis Event expenses
• Court attendance allowance
• Automatic cover for new subsidiaries
• Continuous cover provision - provides cover for claims not notified prior to commencement of renewed policy period (thereby providing incentive for renewal)
• Optional Extension for Entity Employment Practice Liability Cover
  

Indemnity Limits:

A quotation can be provided to clients with total asset size less than RM50m on site with the completion of the Quick Application Form. Higher limit of liability options and / or clients with total asset size more than RM50m are also available on request.