D&OProtect your directors and officers and their personal assets against claims arising from business decisions
Highlighted Coverages
- Claims against executives
- Claims against the company
- Defense expenses
- Reputation expenses
- Bonds
- Fines and penalties
Detailed Information
- FOR WHOM?
Aimed at Managers, Directors, Counselors or Company Administrators who seek to guarantee their personal responsibility and protect their assets against third-party claims (suppliers, creditors, employees, shareholders...) derived from their business decisions.
The policyholder must be the company.
- WHY?
Because any administrator or executive is responsible for their actions, errors, or omissions at the helm of the company.
Because it protects personal assets.
Because it covers defense expenses, which are often very high.
- COVERAGES
Claims against executives
Covers claims brought against executives for acts or decisions made in the course of their duties that cause harm to third parties such as suppliers, employees or shareholders. This coverage protects them personally and professionally against lawsuits alleging errors, omissions or negligence.
Claims against the company
Protects the company as a whole against claims arising from its executives' decisions. These claims may stem from management actions that affect third parties such as creditors or partners.
Defense expenses
Covers the legal costs of defending the executives or the company against lawsuits. This includes attorney fees, court costs and other expenses needed to mount a proper defense in litigation.
Reputation expenses
Covers the cost of managing a reputational crisis that may arise from a claim or lawsuit against the executives or the company. This may include public relations services or specialized consultants to limit the damage to the image of the company or its executives.
Bonds
Covers bonds required of the executives or the company as a precautionary measure in legal proceedings, so they can continue their activities without interruption while the case is resolved.
Fines and penalties
Covers fines and penalties imposed by regulators or courts for negligent acts or wrong decisions made by executives in the course of their business duties.
- REAL CASE?
The administrator of a company decides to build a new warehouse to expand the business. Due to a lack of diligence in obtaining information, the costs exceeded the budget for the project that the administrator had presented to the partners, and they are claiming the damage suffered.
A liability insurance of Administrators and Directors would assume the defense of the administrator and the compensation to which he is sentenced.
- Frequently Asked Questions
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D&O (Directors and Officers Liability)
What D&O insurance protects, which roles it covers, and how it works in mergers, insolvency proceedings or investigations.
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General questions about InsurCEO
What InsurCEO is, which insurance lines we manage, and how we work as a brokerage specialised in businesses.
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The basics: how insurance works
Premium, deductible, policy wording and exclusions: the concepts worth understanding before taking out a policy.
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Taking out and maintaining a policy
Risk disclosure, endorsements, renewal and what to do when your company's activity or revenue changes.
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When a claim happens
How a claim is reported, what a loss adjuster does, and your options if you disagree with the payout.
Answer a few questions about your business and we'll show you the options. If you'd rather talk it through, we'll call you.
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