This policy covers all decision makers of the company. Leaders and managers are hired by the company to run the business. The work will involve making decisions on behalf of the company. This poses a risk to the individuals as they carry the responsibility of making decisions. What if the decisions were wrongly made and as a result the company face losses? D&O policy covers such incidence and more. It helps to protect decision makers of the company by providing legal defense cost as well as legal compensation to the company if found to be at fault. It also protects the company from the losses incurred as a result from the error of the employees.
Personal Liability
A decision maker employee of the company can lose all the personal accumulated wealth.
Criminal and Civil Liability Exposure.Statutory Law
Company’s Act
Stock Exchange Requirements
Securities Commission
Other regulations based upon the business activities of the company
Three broad categories
Fiduciary Duties
Duties of skill, care and diligence
Statutory duties
The Directors’ & Officers’ Liability insurance helps to protect in terms legal defense costs as well as the claims if found to be at fault.
Please contact us to find out more.