Small and medium sized companies need special protection to survive the complex
threats of litigation and crime. And opting for different individual insurance products
for protection is neither convenient nor reassuring.
HDFC ERGO’s Forefront Portfolio is a comprehensive insurance solution offered to
small and medium sized companies to help manage their individual and corporate exposures
and reduce the potential gaps.
Forefront Portfolio is designed to protect small and medium sized companies in the
following areas:
- Directors' & Officers' Liability Insurance - protects the directors
and officers against claims resulting from management decisions. Coverage includes:
- Broad definition of insured persons including executives as well as their spouses,
if they are named as co-defendants
- Automatic cover for new subsidiaries
- Insured persons retain the right to defend themselves in the event of any D&O
or Outside Directorship Claim
- Provision of an initial public offering quotation, subject to receipt and acceptance
of underwriting information
- Employment Practices Insurance - protects the company, its directors,
officers and employees from claims brought by current, past or prospective employees.
Coverage includes:
- Broad coverage for allegations of discrimination, workplace and sexual harassment,
work place torts, retaliatory treatment or other wrongful employment decisions
- Broad definition of “insured” includes the company and its executives and employees
- Broad definition of employee includes part-time, casual, temporary and seasonal
employees, and volunteers
- Employee Theft Insurance - protects the company from direct losses
resulting from employee theft. Coverage includes:
- Comprehensive coverage for employee theft
- Coverage for investigative costs for covered losses
- Internet Liability Insurance - protects the company against traditional
publishing related exposures created by the existence of a company website. Coverage
includes:
- Broad definition of Internet activities
- Coverage for allegations, such as defamation, libel and slander
- Trustees Liability Insurance - protects the company, management
and employees involved in the management of the Superannuation Fund and the Funds
themselves against losses. Coverage includes:
- Broad definition of insured including its trust funds and trustees
- Broad wrongful acts definition includes allegations of breach of fiduciary duty
& errors & omissions
- Outside Directorship Liability Insurance - protects the directors
and officers against claims resulting from management decisions at outside entities.
Coverage includes:
- Automatic ODL coverage for not-for-profit organisations
- Coverage for for-profit organisations that are not traded publicly, do not have
any USA exposure and are not a financial institution