Highlights of Zurich’s new cover for managers

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Zurich Australia has launched a new General Insurance product for Management Liability. The highlights of this cover include:
1) There are three core cover sections, yet it is flexible enough to provide additional protection via other cover sections

2) It has a comprehensive range of standard extensions across all cover Sections. These include:
Advancement of defence costs and other financial loss (including emergencies – 10% of the limit of liability sub-limit)
Continuous cover
Crisis containment – $100,000 sub-limit
Environmental mismanagement coverage – Full limit of liability for ‘insured persons’ with a $500,000 sub-limit for Company entity claims coverage
Representation costs for companies to prepare and attend investigations, at full limit of liability
Estates, heirs, legal representatives and Marital estates
Extended reporting period – up to 84 months
Late arising extensions
Non-Disclosure and Misrepresentation waiver
Retired directors and officers – 84 months
Runoff cover for outside entity executives and for past subsidiaries.

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