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Directors and officers liability insurance
What is the purpose of D&O insurance?
Directors and officers insurance protects you against any loss resulting from legal action taken against you for a fault committed in carrying out your duties.
Across the world, recent legislation and court decisions show that directors and company officers more and more often have to face claims for damages. A Directors and officers policy is therefore indispensable protection for a company director or officer faced with the virtually unlimited liability that he or she could incur.
KEY FEATURES OF OUR DIRECTORS & OFFICERS LIABILITY POLICIES
Why choose D&O insurance from Foyer?
- Cover for defence costs and damages awarded
- No fees to advance
DIRECTOR OR OFFICER HELD PERSONALLY LIABLE
D&O and professional liability
Directors and officers liability should not be confused with professional liability. Professional liability refers to cases where the company is held liable in the course of the business. Directors and officers insurance, however, operates when a director or officer of the company is personally the subject of legal action. Such circumstances could put his/her entire personal wealth at risk.
In order to meet claims for compensation arising from allegations of liability against a director or company officer, it is highly recommendable for companies to take out keyman insurance to protect their interests.
Ask your insurance agent for advice