Company (Policyholder Entity)

The Company is the legal entity named as the policyholder in the schedule. This usually covers the parent firm and any listed subsidiaries. New subsidiaries may also be covered under the policy terms. This point matters a lot. It decides which entities get cover for claims made against the firm itself, such as securities or employment claims. It also decides whose directors and officers count as insured persons. In Australia, the Company term usually covers firms registered under the Corporations Act 2001 (Cth). It can also cover partnerships, trusts, and other business types, where the policy says so. New subsidiaries bought during the policy term are often covered right away. This is usually subject to notice rules and asset limits.

The Company is the legal entity named as the policyholder in the schedule. This usually covers the parent firm and any listed subsidiaries. New subsidiaries may also be covered under the policy terms. This point matters a lot. It decides which entities get cover for claims made against the firm itself, such as securities or employment claims. It also decides whose directors and officers count as insured persons. In Australia, the Company term usually covers firms registered under the Corporations Act 2001 (Cth). It can also cover partnerships, trusts, and other business types, where the policy says so. New subsidiaries bought during the policy term are often covered right away. This is usually subject to notice rules and asset limits.