My Company Directors and Officers Cover

Outside Board Cover – where agreed in writing

Pollution Defence Costs (maximum sub-limit of AUD$5,000,000) 

Discovery Period 

Retired Directors & Officers – Nil AP 

OH&S Defence Costs (maximum sub-limit of AUD$5,000,000) – no wrongful act required or requirement to repay 

Continuous Cover (for Innocent Non-Disclosure)

Fines & Penalties (maximum sub-limit of AUD$5,000,000)

Inquiry Costs (maximum sub-limit of AUD$5,000,000) – no wrongful act required

Loss of Reputation/Public Relation Costs (maximum sub-limit of AUD$500,000) 

Reinstatement of Limit of Liability for Non-Executive Directors (to 25% of Limit or AUD$2,000,000 – the smaller to apply)

Assets and Liberty Costs (maximum sub-limit of AUD$500,000) 

Advancement of Defence Costs

Definition of Claim includes Non-Pecuniary Relief and any criminal prosecution against a Director or Officer

Broad definition of Director & Officer (including employees while acting in a managerial capacity or in connection with an Inquiry / superannuation trustee of employment benefit plan, pension plan or superannuation fund of the Company / past directors / shadow directors / non-executive directors / estate heirs & legal representatives)

Broad definition of Employment Wrongful Act – extended to include misleading representation or advertising

Definition of Loss extended to include Punitive and Exemplary Damages (excluding multiples / any deemed uninsurable by 
law)

Newly acquired or created Subsidiaries to 25% of Company’s total gross assets (excluding U.S.A. based entities)

Claims attributable to or which are causally connected with a single Wrongful Act – considered single claim

Worldwide Consensual Claim Exclusion (excluding U.S.A.)

Advancement of Defence Costs

Order of Payments Clause

Preservation of Right to Indemnity Clause

Carve back to Pollution Exclusion for: Defence Costs; Fines & Penalties; Inquiry Costs; Loss of Reputation Costs; shareholder actions relating to loss in share capital of the Company due to breach of duty by a Director or Officer

Personal Tax Liability – Definition of Loss includes taxes that the Directors and Officers become personally liable for should the Company be unable to pay said taxes due to financial impairment

Non-Imputation Clause

Cover for Spouse or Domestic Partner – in respect of an action to enforce a judgement obtained against such person 
against the property of that Spouse (arising from a Claim)

100% Lloyd’s of London Security