Ace extends D&O coverage for SME private companies and promises a more effective and relevant policy
Ace European Group has extended its D&O coverage to provide protection for SME private company clients.
The inclusion of ‘Entity’ cover within its Elite D&O wording, together with a simplified level of indemnity enables Ace to offer a more cost effective and relevant policy for private companies.
The Elite Entity extension covers damages; judgements; settlements and defence costs for claims against a company for wrongful acts including: breaches of trust and duty, errors and omissions and employment related breaches.
Simon Million, UK and Ireland D&O manager at ACE said: “By focusing on the needs of smaller private firms we have made D&O cover more accessible and relevant to companies where the owners themselves may have a personal financial investment.
“These owners need their companies’ assets protected as much as their own personal liabilities. We are providing a more appropriate level of indemnity which not only meets their real needs but also provides cover at a price they can afford.”
Brokers will be able to obtain quotes and bind new business through ACE Online, the company’s extranet. It is also available as new business and an endorsement on existing D&O policies directly from ACE.