Directors & Officers

Directors & Officers

Against a legislative backdrop of increasing shareholder activism, strict compliance requirements for corporate governance, and ever more aggressive regulators, the legal and personal liability of company directors and officers is at an all-time high.

Businesses operating in foreign jurisdictions are required to comply with the legal framework relevant to their overseas operations. Such compliance includes listing and filing requirements, rigorous market disclosure and careful management of their professional relationships with employees, creditors, customers and suppliers.

Directors and officers are personally exposed to unlimited financial liability, and the company and board of directors share the responsibility for ensuring they have the highest possible level of protection.

In response to these evolving challenges, Liberty’s Directors & Officers (D&O) policy wording provides market leading D&O protection. Our wording, combined with our ability to offer limits up to US$25 million, makes Liberty an attractive lead insurer for private, publicly listed and government-owned entities.

At a glance:

  • Limits up to US$25 million
  • Access to professional advice and legal representation (for an internal inquiry, self-report to a regulatory body and any industry-wide inquiry) 
  • Additional Side A limit available to all directors
  • Change in control - lifetime cover for former insured persons who retired or resigned during the policy period
  • Recoveries which are in excess of payments to the insured are reinstated to the limit of liability
  • Fraud and dishonesty exclusion triggered only by a final, non-appealable legal ruling; no longer triggered by admission of fraud
  • Provides full defence costs cover for all claims in the USA and claims alleging employment practice breaches in the USA; Former Insured vs Insured exclusion now applies only to claims brought by the company in the USA
  • No pollution or professional services exclusion
  • No late notification penalty if insured is legally prohibited from notifying a claim, inquiry, raid or self-report
  • Also covers asset and liberty expenses, bail bond and civil bond expenses, extradition costs, personal taxation liability, public relations and reputation protection expenses
 

Our Approach

Find an Underwriter
Ann Dang - Senior Vice President, Head of Casualty and Professional & Financial Risks - Asia

Ann Dang

Senior Vice President, Head of Casualty and Professional & Financial Risks - Asia
T: +65 6622 9187

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Billy Lau - FI and D&O Portfolio Manager, Professional & Financial Risks Hong Kong

Billy Lau

FI and D&O Portfolio Manager, Professional & Financial Risks Hong Kong
T: +852 3655 2649

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Hwan Choi - Underwriter, Professional & Financial Risks

Hwan Choi

Underwriter, Professional & Financial Risks
T: +852 3655 2675

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Joong Young Lee - Assistant Vice President, Professional & Financial Risks, Korea

Joong Young Lee

Assistant Vice President, Professional & Financial Risks, Korea
T: +852 3655 2678

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Maurice Leung - Professional & Financial Risks Manager - China

Maurice Leung

Professional & Financial Risks Manager - China
T: +852 3655 2623

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Namhun Kim - Client Business Manager, Professional & Financial Risks, Korea

Namhun Kim

Client Business Manager, Professional & Financial Risks, Korea
T: +852 3655 2670

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Find a specialist

Find a Claims specialist
Alison Kerr - VP & Claims Manager, Professional & Financial Risks Australia

Alison Kerr

VP & Claims Manager, Professional & Financial Risks Australia
T: +61 2 8298 5956

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Denise Pong - Professional & Financial Risks Claims Manager - North Asia

Denise Pong

Professional & Financial Risks Claims Manager - North Asia
T: +852 3655 2686

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Erliza Erwin - Senior PST Specialist, Claims

Erliza Erwin

Senior PST Specialist, Claims
T: +60 3 2082 4057

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James Thomas - VP & Technical Claims Manager, Professional & Financial Risks - Asia Pacific

James Thomas

VP & Technical Claims Manager, Professional & Financial Risks - Asia Pacific
T: +61 2 8298 5937

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Robert Mercer - Senior Vice President & Head of Claims, Asia Pacific

Robert Mercer

Senior Vice President & Head of Claims, Asia Pacific
T: +61 2 8047 3317

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Shurekha Fernandez - PST Specialist, Claims

Shurekha Fernandez

PST Specialist, Claims
T: +60 3 2082 4004

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