Directors' and Officers' Liability insurance protects against third party claims against the company or the manager for possible negligence in management.
As a director, administrator or manager of a company, you are exposed to unlimited personal liability, which can put your own assets at risk if you receive a claim and are found guilty. The directors are liable for their own actions and sometimes for the actions of other directors.
It is important to bear in mind that directors do not have limited personal liability: their own wealth and assets are at risk; and emerging legislation and regulation applies to all companies - large and small.
A directors' and officers' liability policy will protect you financially. Your liability is covered if you act negligently in the course of your managerial duties.
The D&O insurance is aimed at administrators, directors or managers who perform a managerial function in the company.
Any company with a management body needs this insurance for its managers.
As a manager or director of a company you have to make management decisions. The problem is that they can be wrong and cause damage to third parties or to the company itself.
Among the most important responsibilities are the duty to look after the health and safety of employees by complying with health and safety protocols; the obligation to maintain confidentiality; and the duty to take wrong or negligent decisions.
This may result in a claim against the manager that may jeopardise his or her personal assets
The policies we distribute at Op de Beeck & Worth combine the best coverages with the best service. Among the main covers are:
- Costs to restore reputation: in the event of serious damage to the public image of the company or the executive.
- Legal and defence costs.
- Compensation to third parties for mistakes made.
- Incorrect actions in employment matters.
- Compensation claims brought by the Tax Agency.
- Claims for breach of data protection.
- Bonds and bankruptcy guarantee expenses.
- Administrative sanctions.
We help you with your insurance
We will be happy to help you protect everything you need in your company.
Contact us for a personalised study.
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