Directors and Officers Liability Insurance
Directors and Officers Liability Insurance (D&O) protects the members of the Board of Directors, the executives and the directors of a company, against claims that may be raised against them by third parties (officials, shareholders, employees, traders, etc. .), Alleging that they caused them financial or moral damage in the course of making decisions, exercising administrative duties or non-compliance with their obligations as they should have.
Expenses covered by D&O Insurance:
- Out-of-court settlement amounts
- Amounts to be awarded as monetary compensation
- Defense and investigation costs
- Loss of money due to employee infidelity
- Legal support costs
- The loss of money due to the burglary of the business or during their transfer
Optionally, coverages such as loss of money, company liability and personal accident can be added to the contract.
Coverage of expenses that is not included:
- Personal benefits of executives
- Deceit
- Bonuses, benefits, severance pay
- Body injuries
- Material damages
- Professional liability
- Pollution
- Known claims, known events, prior litigation
- Exclusion of the Board of Directors, Executives, Directors (Coverage only for Employee Exclusion)