Directors & Officers Liability
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Directors and managers must make tough and complex decisions when running a company, keeping in mind not only their core business but also compliance with an increasingly regulated environment and best practice for corporate governance and risk management. Directors also face expanding personal liability and increased legal and regulatory action. Directors and managers can make mistakes – and they can be personally liable for them.
A Directors & Officers policy responds to:
- The costs of personal legal representation incurred by individual directors and officers in the defence of any civil or criminal proceedings
- Settlements by or judgments, including claimants costs awarded against directors and officers where no indemnity is given by the company
Key Coverage points:
- Protects: The directors, senior management and any employee acting in a managerial or supervisory capacity.
- Defence Costs
- Civil pecuniary penalties
- Court Attendance
- Crisis Management/Public Relations expenses
Talk to your AibGROUP broker about your business and Directors & Officers Liability protection.
Directors & Officers Liability
Directors and managers must make tough and complex decisions when running a company, keeping in mind not only their core business but also compliance with an increasingly regulated environment and best practice for corporate governance and risk management. Directors also face expanding personal liability and increased legal and regulatory action. Directors and managers can make mistakes – and they can be personally liable for them.
A Directors & Officers policy responds to:
- The costs of personal legal representation incurred by individual directors and officers in the defence of any civil or criminal proceedings
- Settlements by or judgments, including claimants costs awarded against directors and officers where no indemnity is given by the company
Key Coverage points:
- Protects: The directors, senior management and any employee acting in a managerial or supervisory capacity.
- Defence Costs
- Civil pecuniary penalties
- Court Attendance
- Crisis Management/Public Relations expenses
Talk to your AibGROUP broker about your business and Directors & Officers Liability protection.