Chubb and Markel present their products at Inade Space

Inadi Foundation held a day with Chubb And Markelto talk about help in Acts first, and to talk about D&O second.

Chub participated on behalf of Carlos VergaraUnderwriting Director at A&H Iberia since 2022, who highlighted the assistance that the insured will benefit from, such as “medical repatriation, assistance and transfer in the event of an earthquake, and medical assistance with urgent transportation.”

Secondly, intervention Carlos Pena, Director of Financial Lines at Markel, who said, “Contracting this type of insurance is open to A Diverse classification of entitiesfrom companies to chambers of commerce, through foundations or economic interest groups.

He also explained what organizations are From a willingness to take risks For the company: “We do not create neighborhood communities, political parties, professional sports companies, public organizations, among others.”

He then introduced two types of D&O subscription policies offered by Markel: Individual D&O, which is ideal for officers holding positions in different companies or organizations and for SMEs; and D&O Excellence Plus, for all types of companies more than two to three years old.

“Not all D&O policies are the same and there are some points that should be paid more attention to. E.g Pollution coverageIt does not exclude advertising expenses or defense expenses of related persons, it covers entity data protection or there are no exclusions that apply to all coverage, such as retirement plans or non-repayment of credits or loans. He concluded his speech by saying: “It of course does not exclude contractual civil liability in protecting the entity.”