(D&O), often referred to as Management Liability insurance, provides coverage for directors and executives of businesses, against claims their decisions and actions have adversely affected others.
D&O insurance covers defence costs, monetary damages, settlements, and awards for claims made by shareholders or third parties. An often misunderstood but essential policy which protects directors personal assets.
Claims for alleged breaches of fiduciary duties to the company and shareholders.
Legal actions by shareholders against directors and officers for mismanagement or not acting in the company's best interests.
Claims from inaccurate or misleading financial or operational reporting.
Claims for failing to provide accurate or sufficient information.
Claims related to false or missing information in fundraising or IPO documents.
Claims from not following industry regulations or laws.
Claims related to deaths due to the company's actions or negligence.
Claims from creditors when the company can't meet its financial obligations.
Cyber insurance is crucial for nearly all businesses operating in the digital space. However, the specific type of coverage is dependent on the size of the company and the nature of the customer data it handles. Industries particularly vulnerable to cyber attacks include healthcare facilities, financial institutions, legal and accounting firms and retail enterprises.
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D&O insurance protects company directors and officers against personal liability for decisions made while managing the company.
Directors, officers, and board members of companies, non-profits, and associations should consider D&O insurance.
It covers legal costs, settlements, and damages arising from claims of wrongful acts, errors, or omissions by directors or officers.
Yes, private companies can face lawsuits from employees, customers, or competitors, making D&O insurance important.
Yes, it helps shield the personal assets of directors and officers from claims related to their corporate roles.
Claims related to mismanagement, breach of fiduciary duty, employment practices, and regulatory actions are commonly covered.
Yes, D&O insurance typically covers legal defense costs, even if the claims are unfounded.
Yes, it generally covers all directors and officers of the company, though specific policies may vary.
We believe in working closely with you to understand your unique needs and preferences, ensuring that the insurance coverage we offer is affordable and precisely tailored to meet your requirements.