Avant - Mutual Group

  • Management cover

    1. Directors and Officers policies generally cover the personal liability of company directors and officers as individuals (Side A cover), but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them (Side B or Company Reimbursement Cover). Listed stock companies can also obtain cover for claims against the company itself for a wrongful act in connection with the trading of its securities (Side C or Securities Entity Cover).
    2. Crime Cover Fidelity/Crime Insurance generally protects organisations from loss of money, securities, or inventory resulting from crime.
    3. Cyber Covers vary but generally cover things like crisis management, hiring a public relations firm to manage a data breach incident, costs associated with forensic analysis, the cost of repairing and restoring computer systems if there is a virus that destroys business software and data, and the loss of business income resulting from a data breach.
    4. Business Owner Expenses are similar to income protection products but provides payments for qualified "overhead" expenses.
    5. Key person insurance: This is often used to cover a situation where a partner / practitioner is unable to work and contribute income. Often the policy can be taken out by the practice or by the other parties who rely on the person who is covered under the policy.

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