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Westchester has enhanced its Directors & Officers and Fiduciary liability primary insurance offerings for public companies under its new The Chubb PrimarySM (TCP) policy form. These improvements are designed to help companies confronted with a range of management liability risks and reinforces Westchester's commitment to providing solutions that address a myriad of exposures that could potentially impact a company's bottom line.

Where the D&O offering has been designed to be highly customizable, the Fiduciary liability policy incorporates numerous sought-after policy terms and coverages, such as settlor and pre-claim investigation coverage, along with several other new-to-market features, that provides optimal coverage enhancements. Furthermore, TCP enables more customer flexibility and control in choosing how and when to use their coverage.


  • Interview Coverage — We cover Interview costs incurred by Insured Persons when contacted by an Enforcement Unit with respect to a potential investigation by an Enforcement Unit. This is separate and distinct from Claim coverage and requires no Wrongful Act.

  • Liberal Claim Reporting and Notice — If your company renews its policy with us, it has up to 180 days after expiration of the policy to report a Claim, compared to the 60-day industry standard. Further, if your company does not satisfy the 180-day requirement and demonstrates it was not reasonably possible to provide notice within 180 days, we may waive this time period.

  • Relaxed Defense and Settlement — Your company does not need our permission to settle a Claim within the retention. The policy also allows for the consideration of Defense Costs incurred up to 90 days prior to reporting a Claim.

  • Conduct Exclusion – Our policy has final, non-appealable conduct wording for fraud and illegal profit.

  • No Pollution Exclusion.

  • Entity vs. Insured Exclusion – Our policy narrows the traditional Insured vs. Insured exclusion to a more focused entity vs. Insured exclusion.

  • Revolutionary Approach to Presumptive Indemnification — The Chubb PrimarySM Directors and Officers and Entity Securities Liability Insurance eliminated the traditional “presumptive indemnification” clause, removing the potential for Insured Persons to be held accountable for significant retention amounts. In effect, only organizations can incur retentions, not individuals.


  • Tolling and Waiving – Our policy includes Defense Costs for a written request to toll or waive a statute of limitations applicable to a potential Claim.

  • Entity v. Insured Exclusion – Our policy expands carve backs to include SOX Section 304(a) and Dodd-Frank Section 954, and broadens the Financial Impairment carve back.

  • Inquiry Reporting – If your company elects not to report an Inquiry, subsequent Matters that are Related will not be subject to late notice due to the unreported Inquiry. This affords your company greater flexibility to manage the reporting of Inquiries. Additionally, we now allow your company the opportunity to demonstrate it was not reasonably possible to report an Inquiry in the allotted time.

  • Advancement of Defense Costs — Under our policy, we advance Defense Costs promptly on a current basis, but no later than 60 days after we receive documentation.

  • Subrogation – We will not subrogate against Insured Persons. Additionally, amounts recovered will be restored to the Limit of Liability.

  • Extended Reporting Period – The Extended Reporting Period now includes Inquiries.

  • Cancellation – The Insured has the unilateral right to cancel the policy on a pro-rata basis.

  • Severability of the Application – Our policy has been simplified and enhanced by removing exclusionary references. Knowledge of an Organization or an Insured Person will not be imputed to any Insured Person. Only the knowledge of the CEO or CFO will be imputed to the Organization.


Westchester is one of the largest and most diverse excess and surplus lines commercial property and casualty insurance underwriters in the United States. Focused on the wholesale distribution channel, Westchester provides innovative specialty products for property, specialty casualty, environmental, professional risk, inland marine, product recall, small business, binding and programs. The business is further distinguished by exceptional financial strength, underwriting excellence and superior claims handling expertise. The material on this page contains product summaries intended for use solely by properly licensed insurance professionals. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states and surplus lines products can be offered only through licensed surplus lines producers. Insurance provided by Westchester Fire Insurance Company and its U.S. based Chubb underwriting company affiliates. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at Westchester is a division of Chubb, a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: