PrivateEdge

In addition to protecting individuals, PrivateEdge also protects the company itself, reimbursing it for its costs of defending its directors and covering the company’s costs to defend itself.

Some of the practical ways that PrivateEdge helps a company:

• Health and safety – “End-to-End” health and safety cover for the company to fund its preparation, representation and defence at HSE prosecutions and investigations, including HSE’s “fees for intervention”.
• Legal actions against the company – cover for legal and experts’ costs to defend any claim seeking fines or penalties, e.g. from regulators, as well as specific management liability claims for injury, property damage and pollution.
• Breaches of contract – cover for costs of defending breaches of contract claims (written or oral), like claims from customers or suppliers.
• Reputational damage – cover for PR costs to minimise reputational damage to a company after any negative publicity following any claim on the policy, or after a crisis event such as loss of intellectual property or conviction of a director.

PrivateEdge is a “modular” product. It can be customised for clients with the following options:

• Employment Practices Liability – cover for damages, settlements and defence costs for a wide range of employment practice violations. (eg claims from employees past and present, visitors like customers or suppliers and the costs of employment investigations like equal opportunities or racial equality).
• Pension Trustee and Employment Benefit Plan Liability – cover for the liabilities for pension trustees and individuals administering any company employee benefit or welfare plan. When regulators demand a rapid response, we cover emergency defence costs where companies and trustees can get legal assistance to respond immediately to the regulator, even if they can’t contact us first.
• Crime – protection for the client’s balance sheet from fraudulent or dishonest activities carried out by employees or outside third parties, or collusion between internal staff and external parties. Coverage includes the costs of specialist pre-investigative services to help clients establish and quantify their loss.
• Security Response – 24/7 access to expert security consultants who respond immediately to any threat or concern. Clients can utilise this add-on as their own virtual security department. It is designed with small and medium businesses in mind and provides access to security professionals with broad expertise to advise on a wide range of crises.