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Are You Adequately Covered as Chief Compliance Officer?

The role of CCO comes with additional potential liability in the event of a regulatory matter. 
Your firm should carry Directors & Officers Liability and the CCO would need to be deemed an officer in the company’s bylaws. If the CCO position is listed as an officer in the bylaws you are considered an “insured” in most policies.  

The CCO Protect product is dedicated coverage for you individually.  It covers your personal assets.  It is not shared with the organization and provides access to your own dedicated limit for non-indemnifiable claims.  Such claims are those that the firm cannot or will not (according to the bylaws) indemnify you for. It will provide your own defense counsel, independent of the firm’s counsel. It also has a “difference in conditions” coverage which could provide coverage when the firm policy excludes the loss.
Please contact any member of your Starkweather & Shepley team to discuss this in more detail.


The FI Group of Starkweather & Shepley Insurance Brokerage, Inc. provides "hands-on" service. We work with you to identify the most appropriate, competitively priced coverage to address your firm's liability needs. The FI team specializes in coverage specific to the Investment Industry.

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