Cover for crime against your business by an employee. Your business asset policy is unlikely to cover these losses. Employee crime is on the rise.
Cover for wrongful governance decisions where directors, officers, or senior managers are held to account by shareholders, government or employees.
Cover for costs and damages resulting from a breach of company legislation, compliance and investigations
Cover for defending the company against personal grievance costs and damages
Loss of reputation and managing the company's communications after a negative statement by a regulator can be costly. This policy covers these costs
The spotlight is on pollution. This benefit covers the defence costs associated any wrongful act in respect of the discharge, dispersal, release or escape of Pollutants
Providing the reimbursement of money lost due to credit card or computer fraud
Cover for loss of cash resulting from a robbery at your business or burglary of a locked safe
| Policy Benefit | Limit of Cover | Excess |
|---|---|---|
| DIRECTORS & OFFICERS LIABILITY | ||
| D&O Individual Cover for your personal liability as a director or officer of the company, including governance errors and compliance mistakes | Your selected sum insured | Nil |
| Company Reimbursement cover for when the company pays for a loss on behalf of a director of officer | Your selected sum insured | $1,000 |
| Continuous Cover cover for circumstances that could have been, but were not, notified under a another policy | Your selected sum insured | $1,000 |
| Loss Mitigation covering the costs of a loss mitigation adviser to avoid or minimise the risk of loss | $100,000 | $1,000 |
| Public Relations cover the loss of reputation and PR covers associated with a negative public statement made by a regulator | $100,000 | $1,000 |
| Emergency Costs cover for defence and reputation costs incurred within the first 48 hours, prior to the insurers consent. | Your selected sum insured | $1,000 |
| Outside Directorship Extension cover for claism brought against a director who is acting for another company, at the request of the company named on this policy | Your selected sum insured | $1,000 |
| Retired Insured Persons onging cover for retired directors | Your selected sum insured | $1,000 |
| Estate Extension cover for a deceased director's estate | Your selected sum insured | $1,000 |
| Marital and Domestic Partner covering your 'other half' for actions taken against them personally or against shared property | Your selected sum insured | $1,000 |
| Occupational Health & Safety defence costs cover for breach of Health & Safety in Employment legisation or corporate manslaughter | $1,000,000 or your selected sum insured, whichever is the lesser | $1,000 |
| Superannuation Trustees personal cover for people who act as trustee for a company savings scheme or employee benefits programme | Your selected sum insured | $1,000 |
| Compensation for Attendance for an employee or insured person havign to attend a hearing or formal interview relating to the claim | $100,000 | Nil |
| Pecuniary Penalties covering penalties awarded against you in New Zealand or Australian jurisdiction. Only to the extent permitted by law (eg Safety breach penalties are not insurable) | $1,000,000 or your selected sum insured, whichever is the lesser | $1,000 |
| Investigation Costs investigations into your company can be expensive. This extension covers these costs | $1,000,000 or your selected sum insured, whichever is the lesser | $1,000 |
| Extradition insuring the costs of having to extradite an insured person | $500,000 | $1,000 |
| Pollution Defence Costs defence costs cover for any wrongful act in respect of the discharge, dispersal, release or escape of Pollutants. | $1,000,000 or your selected sum insured, whichever is the lesser | $1,000 |
| Additional Limit additional cover for non executive directors of the company | 20% of your selected sum insured | $1,000 |
| Preservation of Right of Indemnity if the company refuses to indemnify an insured person the insurer will | Your selected sum insured | $1,000 |
| CORPORATE LIABILITY | ||
| Securities claim cover for the loss and defence costs resulting from a securities claim against the company | $100,000 | $2,500 |
| EMPLOYMENT PRACTICES LIABILITY | ||
| Employment Dispute cover for an action against the company by an employee or ex-employee for a wrongful act | $100,000 | $10,000 |
| Reinstatements & Injunctions cover for the defence costs associated with an employee seeking to injunct (stop) the company | $100,000 | $10,000 |
| CRIME COVER | ||
| Employee Theft of Company Property cover for theft or forgery of money or property by an employee | $50,000 | $7,500 |
| Employee Theft of Client Property cover for theft or forgery of client money or property by an employee | $50,000 | $7,500 |
| Fiduciary Theft of Client Property cover for theft from an employee plan or fund by another employee or trustee | $50,000 | $7,500 |
| Forgery or Alteration cover for loss resulting from the forgery or alteration financial instruments by another party | $50,000 | $7,500 |
| Inside the Premises Coverage cover for loss of money /cash resulting from robbery or the burglary of a safe | $50,000 | $7,500 |
| In Transit Coverage cover for loss of money /cash resulting from robbery or the burglary of a safe while in transit | $50,000 | $7,500 |
| Computer Fraud covering the loss of money that has resulted from computer fraud committed by another party | $50,000 | $7,500 |
| Funds Transfer Fraud cover loss of money in a bank account resulting from transfer fraud | $50,000 | $7,500 |
| Money Orders and Counterfeit Currency Fraud covering the loss sustained from fake money | $50,000 | $7,500 |
| Credit Card Fraud reimbursement for losses from credit card fraud | $50,000 | $7,500 |
| Restoration Expenses covering the costs of restoring computer systems after a violation | $100,000 | $7,500 |
| Contractual Penalties Cover for the penalty imposed due to breach of agreement. The breach having occurred because of a loss covered by this policy. | $7,500 | nil |
| Investigation Costs are covered to the extent that they relate to a loss covered by this Crime cover | $500,000 | nil |
| Extortion covering the loss associated with an employee extorting the company | $250,000 | $7,500 |
| Interest Costs covering bank interest paid or not received as a result of a Crime loss covered by this policy | $100,000 | nil |