Directors and officers of companies make decisions everyday that no longer simply affect the success of their companies and their own careers. These decisions carry the risk of personal litigation and unlimited financial liability.
As a result of corporate governance reforms and initiatives, companies and their directors and officers are subject to greater public scrutiny. Employee actions against directors also constitute a frequent source of claims in the areas of unfair dismissal. Defending and settling these cases can be extremely costly, with legal fees potentially running into millions.
Coverage
Our Directors and Officers (D&O) Management Liability insurance offers executive protection from financial losses as a consequence of acts, errors or omissions, including securities and employment practices claims, suffered in the course of their business activities.