Directors and Officer’s Liability

Protect your management in the best way possible

Directors and Officer’s Liability

Indemnify the Directors or Officers of the Company against Loss arising from any claim or claims first made against them jointly or severally during the Period of Insurance by reason of any Wrongful Act in the capacity of Director or Officer of the Company.

Pay on behalf of the Company Loss arising from any claim or claims first made against the Directors or Officers jointly or severally during the Period of Insurance by reason of any Wrongful Act in the capacity of Director or Officer of the Company but only when the Company shall be required or permitted to indemnify the Directors or Officers pursuant to the law, common or statutory, or the Memorandum and Articles of Association

Benefits

The policy indemnifies the Directors or Officers of the Company against Loss arising from any claim or claims first made against them jointly or severally during the Period of Insurance by reason of any Wrongful Act in the capacity of Director or Officer of the Company.

Features

Indemnity is provided only when the Company shall be required or permitted to indemnify the Directors or Officers pursuant to the law, common or statutory, or the Memorandum and Articles of Association.

FAQS

1. Does the policy cover company subsidiaries? Yes. There is also provision for automatic inclusion of newly acquired or created companies after notifying the insurer. 2. Why should private companies purchase Directors and Officers’ liability insurance?
  • Complicated conflicts of interest could arise due to intertwined responsibilities which exist in private companies.
  • The costs of legal actions may exceed the worth of the company’s assets.
  • A judgment against a director of a private company could lead to major financial losses.
3. Who are the claimants on Directors and Officers policy? The claimants on Directors and Officers policies are growing as director liability expands. They include shareholders, investors, customers, consumer groups, competitors, unions, contractors and government. 4. What are some of the main exclusions on the Directors and Offiers policy? Deliberate acts, damage to property and bodily injury, sickness, injury, pensions, illegal profits or gains, professional indemnity, copyright, dishonesty or fraud and questionable payments.