Corporate manslaughter cover
Ace Europe has extended the scope of its directors’ and officers’ cover to provide increased protection to private companies facing heightened exposures as a result of the recently introduced Corporate Manslaughter and Corporate Homicide Act 2007. The Act creates a new offence of corporate manslaughter in the UK. Companies whose gross negligence leads to the death of individuals now face prosecution for manslaughter. Ace Europe provides up to £1mn protection for the insured company, in addition to that provided to the directors and officers. The cover is also extended to include legal expenses in respect of corporate manslaughter, corporate homicide and health and safety investigations The company said that for many small to medium sized companies this protection was vital in providing better security. With the introduction of Publicity Orders, which require organisations to publish details of their convictions, Ace will also provide cover for public relations expenses used to limit the damage of negative publicity on an organisation’s reputation.
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