Summary of Directors & Officers Insurance:
Directors and Officers Insurance
Chubb Group of Insurance Companies
This policy covers:
- All Officers and Directors on the Board of Directors for Mass Youth Soccer.
- All Officers and Directors in youth soccer organizations, including leagues, that are affiliated with Mass Youth Soccer, and identified or participants in the policy.
Policy Period: December 9th to December 8th each year.
Policy Limits: $2,000,000 each loss and aggregate for each Policy Period.
Retention: $2,500 each loss.
Coverage: Liability on all losses for which the insured shall be legally obligated to pay resulting from civil claims that are made against the insured because of a wrongful act.
Territory: Worldwide providing suit or arbitration proceedings are brought within the United States, including its territories and possessions, or Canada.
Exclusions: This policy does not cover:
- An insured's unjust enrichment, obtaining profit, or advantage to which the insured's were not entitled.
- Any criminal, malicious, fraudulent, knowingly wrongful, or dishonest act or omission.
NOTE: The exclusions shown above do not reflect all items contained in policy.
THIS OUTLINE IS ONLY FOR GENERAL INFORMATION AND NONE OF THE ABOVE SHALL AMEND OR ALTER THE INSURANCE CONTRACT. THE WORDING OF THE POLICY CONSTITUES THE ONLY AGREEMENT BETWEEN MASS YOUTH SOCCER AND THE INSURANCE COMPANY. IN CASE OF CONFLICT, THE TERMS OF THE INSURANCE POLICY WILL PREVAIL