Overview
The sudden loss of a key member of the board can have a shocking and sometimes devastating impact on any business.
There is almost always someone out there perfectly suited to plug the gap, but identifying that individual can be a lengthy and costly process. Our Board Talent Protection provides the financial resources you need to fund a search for your next irreplaceable board member.
Highlights
- $200,000 benefit for each outside audit committee member
- $100,000 benefit for each outside director
Summary of coverage
Companies often struggle to attract and retain the best available board members. The loss of such talent can be devastating. Board Talent Protection provides the financial resources to fund a search for replacement board members.
It also provides existing board members with accidental death and presumptive disability coverage. Having this type of coverage in place will help reduce board disruption and ensure an orderly board member transition.
Your team
Head office
401 Edgewater Place Drive, Suite 400
Wakefield, MA 01880
Related products
Directors & Officers
Comprehensive D&O insurance programs that allow corporate leaders to proceed confidently with their business visions.
Accidental Death & Dismemberment
Provides coverage for under-insured, highly-compensated individuals who are concerned about their financial viability in the event of disability or death.
Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
More about us Financial strengthNot all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.