Directors and officers of a company whether it is a private limited or public listed carry heavy responsibilities. They are exposed to risks such as the followings:
Personal Liability
A Director or Officer 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.