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Directors and Officers Liability Protection Claims Procedure
Directors and Officers Liability Protection
- Designed to meet the management liability needs of private and public companies in Hong Kong
- Advancement of legal defense costs
- Coverage includes company's securities claims arising out of sale or purchase of company's own securities
- Employment practice liability cover for the companies, directors and officers
- Covers losses arising from claims made against the estate, heirs and legal representative of the insured
- Automatic extension covers outside directorship of associated companies, joint ventures and non-profit entities
- Automatic coverage for newly created or acquired subsidiaries
- Optional IPO protector covers errors or omissions in the prospectus of companies undertaking an initial public offering