Directors’ & Officers’ Liability  Insurance

 

In today's business environment, the plethora of rules and regulations to be followed by the Executives and Management members of a company creates an environment of intense and thorough management control by a wide audience of stakeholders (shareholders, regulators and government bodies, employees, clients, financial institutions). With the obligation to perform the management duties of an organization, Executives of both multinational and small or medium-sized enterprises face personal responsibility, and therefore run the risk of losing their personal wealth and assets.

 

This modern environment that focuses on claims and claiming compensation, especially in times of financial crisis, has brought to the fore the importance of Directors' & Officers' Liability Insurance as protection against third party actions as well as litigation and legal costs.

Directors & Officers Liability Insurance is the most obvious form of protection of an organization's management responsibility and of the utmost importance for its smooth operation, regardless of size or business sector.