While Company Directors are meant to make decisions in the best interest of the business they run, even the most competent people can make mistakes. However, even when the intentions are good, Company Directors may still have claims brought against them and be held personally accountable for these claims.
Directors and Officers Liability Insurance protects Company Directors and Officers of a corporation or business against legal liabilities that might arise while managing an organisation.
People in these positions may have claims brought against them by shareholders, employees, competitors, statutory bodies or even the corporation with which they work.
A typical Directors & Officers Insurance policy will provide cover for: