Less than a week on from announcing alterations to its partnership structure, Allianz has swept in the winds of change once more with adjustments to its Directors and Officers proposition.
In a statement released earlier today, Catherine Dixon, director of underwriting and technical for Allianz, announced new and enhanced cover that will “further flexibility and increase cover limits.”
“We’ve designed the enhancements to reflect the changing need of UK businesses where directors and officers are being held more accountable for not only their actions, but also the actions of their employees,” she said.
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“We believe the new features will be really beneficial to end customers, giving them the peace of mind to make tough business decisions without fear of repercussions.”
The enhanced cover includes kidnap and ransom; an employment practice helpline; increased cover limits including reputational crisis cost, court attendance and company entity liability; as well as protection for IT security and data protection officers in the event of a claim arising from a cyber event.
There will be two products available: complete directors and officers with e-trading via QuoteSME; and directors and officers select, for medium to large businesses.
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