ACE Adds Cover for Tougher Manslaughter Legislation

ACE Europe (ACE) announced the launch of the Elite IV Entity Extension – an endorsement to its Elite IV Directors & Officers (D&O) cover, which provides increased protection to private companies facing heightened exposures as a result of the recently introduced Corporate Manslaughter and Corporate Homicide Act 2007.

The ACE Entity endorsement provides up to £1 million protection for the insured company, in addition to that provided to the directors and officers. For many small to medium sized companies this protection is reportedly vital in providing better security to the directors, officers and employees who are likely to have a substantial financial interest in the company.

The extended cover includes protection for claims of wrongful acts committed by the company. In addition, cover is also extended to include legal expenses in respect of corporate manslaughter, corporate homicide and health and safety investigations.

With the introduction of Publicity Orders, which require organisations to publish details of their convictions, ACE will also provide cover for public relations expenses that can be used to limit the damage of negative publicity on an organisation’s reputation, specifically as a result of prosecutions under the Act.