People Protection

Directors’ and Officers’ Commercial Management Liability Insurance

Your Priority:

Provide company directors and officers with the confidence to deal with the challenges of business.

Why Directors’ and Officers’ Commercial Management Liability Insurance?

Directors’ and Officers’ Commercial Management Liability Insurance helps relieving the financial burden of litigation, damage to reputation and loss of personal assets.

Contact Us

Contact your Relationship Manager
Contact your Relationship Manager
Call 2198 8000
Call 2198 8000

Features:

  • Protects company directors and officers against civil liability for their wrongful act or omission committed in their capacity as a company director or officer, including but not limited to:

(1)   Breach of trust

(2)   Misrepresentation

(3)   Breach of duty or breach of warranty or authority

  • Provide cover for (1) compensatory damages awarded against the company directors and officers, (2) out-of-court settlements, (3) defense costs, public relations costs and expenses and (4) costs of appointing legal expertise.

 

 

 

The above general insurance plan (“Plan”) is underwritten by QBE General Insurance (Hong Kong) Limited which is authorised and regulated in Hong Kong by the Insurance Authority. Hang Seng Bank Limited (“Hang Seng Bank”) is an insurance agent authorised by QBE General Insurance (Hong Kong) Limited for the distribution of this Plan. Premiums will be payable to QBE General Insurance (Hong Kong) Limited upon application of this Plan. QBE General Insurance (Hong Kong) Limited would provide Hang Seng Bank commission and performance bonus as remuneration for distribution of this Plan. The existing staff remuneration policy on sales offered by Hang Seng Bank takes into account various aspects of the staff performance instead of focusing solely on the sales amount.

In respect of an eligible dispute arising between the Hang Seng Bank Limited and the customer out of the selling process or processing of the related transaction, Hang Seng Bank Limited is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between QBE General Insurance (Hong Kong) Limited and the customer.