Director and Officers Liability
The one of insurance will give Protection for Company’s Directors and Officers against management liability arising from wrongful acts in the course of their duty, includes coverage for damages and legal costs.
What is D&O insurance?
D&O insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. As such, D&O insurance has become a regular part of companies risk management.
This insurance provide and created because there is a risk in a company management (I.e Director/Manager) can make mistakes or wrong decision that probably harm the company. D&O coverage includes financial protection for managers against the consequences of actual or alleged “wrongful acts”. Policies cover the personal liability of company directors but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them.
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