Directors and Officers Liability Policy
This is a specialised insurance policy introduced to cover the liabilities of Directors or Officers of a Company.
Since they hold positions of trust and responsibility, they may become liable to pay damages to shareholders, employees, creditors etc. of the company for wrongful acts committed by them in the supervision and management of the affairs of the Company.
Besides the Company itself may be liable. The policy is designed to provide protection to the Company as well as its Directors and Officers against their personal civil liability
This is a specialised insurance policy introduced to cover the liabilities of Directors or Officers of a Company.
[Post Image Courtesy of Bill Longashaw at FreeDigitalPhotos.net]
Since they hold positions of trust and responsibility, they may become liable to pay damages to shareholders, employees, creditors etc. of the company for wrongful acts committed by them in the supervision and management of the affairs of the Company.
Besides the Company itself may be liable. The policy is designed to provide protection to the Company as well as its Directors and Officers against their personal civil liability
Insurance Law And Practice - ICSI
Directors and Officers Liability Insurance Policy
![Directors and Officers Liability Insurance Policy]()
Reviewed by Blog Editor
on
Thursday, May 18, 2017
Rating:
Posts
No comments:
Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !