Directors & Officers Liability Insurance provides your directors and officers with personal liability and financial loss coverage from wrongful acts committed, or allegedly committed.
Scope of Cover
- Cover litigation brought by stakeholders against directors and officers where there has been an allegation of a breach of duty or breach of law
- Provide umbrella cover to all the directors and officers of the holding company and all subsidiary companies. The insurance can also extend to joint venture or associated company board positions
- Cover all the current, past and future directors and officers on an unnamed basis
- Respond to litigation arising out of a broad range of business activities including IPO or other debt or equity initiatives, M&A, financial reporting & other statutory obligations and corporate failures
- Pay legal defence costs, including the advancement of defence costs as well as settlements and judgments awarded by the court for indemnified claims