What does this insurance cover?

  • The policy is only available in one type of contract with the following coverage: 

    • Civil liability of insured persons: 
      • Losses and legal expenses for claims filed against the administrators, executives and people exercising certain management or supervisory functions in the SME and its subsidiaries, as well as those referring to individuals who exercise a senior position in investee companies when they have been expressly appointed to the post by the SME. 
      • The coverage also covers claims filed against married or civil spouses, heirs, legates, legal representatives and their successors,as well as claims filed against employees who carry out management or supervision tasks, or when they are sued together with the administrators and directors.
    • Reimbursement to the company: reimbursement to the SME,when it can or is required to pay insured persons for losses and legal expenses arising from claims.
    • Guarantees:
      • The constitution of civil bonds.
      • The expenses of establishing and maintaining a bank guarantee.
      • Fees to establish criminal bonds.
      • required by judges and courts of insured personsas a result of claims.
    • New subsidiaries: the coverage extends to the insured persons of subsidiary entitiesincorporated or acquired by the SME during the insurance period.
    • Extended coverage for 24 months: information period immediately after the last insurance period, during which the insured personsthey can file claims for acts committed prior to the maturity of the policy.
    • Defense against pollution claims: expenses incurred in the defense of insured partiesin claims involving accidental pollution.
    • Subsidiary tax civil liability: losses and legal expenses to be paid by the insured individualsas bearing subsidiary responsibility for the tax debt of the SME.
    • Civil liability of the founder: covers claims against an insured partyor a employees, who were involved in founding the SME or of an entity subsidiary.
    • Insolvency guaranteecosts of establishing and maintaining the guaranteethat could be accepted in lieu of an ordered embargo against the insured person during bankruptcy proceedings of the SME.
    • Restoration of public image: expenses incurred by the insured personsin advertising or in the design and execution of an advertising campaign, aimed at restoring the status of their public image.
    • Formal investigations: legal expenses for the insured individualsfor appearing at an internal or external investigation SME as a result of a claim.
    • Employment practices: covers claims arising from the violation of employment practices filed against insured persons, employees, or the SME itself.
    • Administrative fines and sanctions: imposed on insured parties,as a result of any process, official investigation or formal inspection, carried out by a public body with inspection or oversight authority.
    • Retired directors (6 years): effective information period from the date of maturity or cancellation of the policy, to cover claims for acts committed prior to that date, when a senior manager stops holding office.
    • Legal expenses for reckless homicide or for involuntary violation of the Occupational Risk Prevention Law:s: legal expenses for the insured individualsfor claims alleging negligent homicide or an involuntary violation of the Occupational Risk Prevention Law or similar legislation in any jurisdiction in relation to the business activity of the SME.