|[July 15, 2014]
Chief Executive Insurance Services introduces New Enhanced Personal Director's Liability Insurance to protect Chief Executive Group Members and their Spouses
CORAL GABLES, Fla. --(Business Wire)--
Chief Executive Insurance Services today launched an enhanced Personal
Director's Liability (PDL) policy available to members of Chief
Executive Group and their spouses.
"A number of our members have expressed concern about the adequacy of
protection afforded to them by the directors and officers liability
insurance policy purchased by the organizations on whose boards they
serve," said Wayne Cooper, Chairman and President of Chief Executive
Group. "In response, we partnered with Chief Executive Insurance
Services to offer a robust, flexible product to our members which covers
them for the multiple boards on which they sit."
This enhanced PDL policy, issued in the name of the independent
director, provides excess directors and officers liability insurance for
one or more board positions -- whether publicly traded, privately-held
or non-profit -- and travels with the insured individual. This PDL
policy is an attractive option for independent directors who seek to
controlthe purchase and level of their insurance protection.
The PDL insurance policy is designed to offer coverage exclusively for
the insured independent director in excess of other valid and
collectible insurance, but before the individual is required to pay from
his or her own personal assets. An enhanced endorsement, tailored for
Chief Executive Group members, offers policy upgrades, including
worldwide protection, advancements of defense expenses on a current
basis and a longer extended reporting period coverage. The enhanced PDL
policy is also available for purchase by members' spouses to provide
coverage for their outside corporate or philanthropic board positions.
The policy offers limits up to $5 million.
"Chief Executive Insurance Services has excelled by bringing customized
solutions to its client base. This new enhanced PDL product enables us
to better serve our clients by offering insurance coverage for an often
overlooked area of risk exposure," said Ivor Bamberger CEO of Chief
Executive Insurance Services.
Chief Executive Insurance Services, LLC, a subsidiary of the MDW
Insurance Group, was founded to provide its clients with the highest
quality insurance products delivered with unparalleled professionalism,
expertise and personal service. Headquartered in Coral Gables, Florida,
MDW Insurance Group Inc., through its subsidiaries, offers a broad range
of insurance products and related services, serving business, public
entity, individual, trade and professional association clients
For more information, please visit www.chiefexecutiveinsurance.com
or call 1800-813-4210
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