Working in partnership with Chubb Insurance Company of Europe Ltd to provide a bespoke Directors & Officers Insurance solution

Chubb Insurance
Chubb’s financial results stand out in the industry.  Amid the losses reported by some others in recent years, Chubb had net income of $1.8 billion.  For Chubb, an insurance policy is a promise to pay.  For this reason, they guard their financial strength zealously. In today’s market, Chubb’s conservatism is looking better and better.

In June 2010, Chubb were ranked Number 1 for Fairness of Claims Settlement and Speed of Claims Settlement by the Strategic Risk Magazine Survey.


Tenants’ Association Protection Wording
In addition to covering defence costs and awards of damages, for which the insured is personally liable, key benefits of the bespoke wording agreed between Alexander Bonhill and Chubb Insurance include:

• Entity cover – a policy extension to cover the company or organisation itself (as well as the individual directors), in the event that it is named in litigation 

• Clear and Generous Policy Language 

• Extended Reporting Period – for Directors up to six years after their retirement and in the event that coverage is not renewed with Chubb 

• No Policy Excess to pay 

• £25,000 cover for the reasonable cost in replacing Documents belong to the Company that are lost, damaged, or destroyed during the policy period. 

• Legal Representation Expenses – for reasonable and necessary legal fees and related professional charges which an Insured Person incurs personally in their representation at a Formal Investigation (such as a Leasehold Valuation Tribunal) 

Please note that some of these features are not standard inclusions within Directors & Officers policies found in the wider market.  As such, we would recommend that you review your existing level of policy coverage.  

Premium Structure
Directors & Officers insurance can be obtained from the following:

Limit of Indemnity        Premiums From (excluding IPT):
£250,000                       £250.00
£500,000                       £300.00
£1,000,000                    £400.00

Please note that these premiums are indicative only and may vary depending on service charge levels.  For a quotation, please contact your HML property manager.