Directors and Officers Liability Insurance - Directors and Officers Liability Insurance

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance protects the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a 'wrongful act' committed by them in the course of performing their duties. It covers mismanagement or breach of fiduciary responsibility, misrepresentation to shareholders, creditors, customers or other constituents, inadequate succession planning or ownership transition, and mismanagement of company pension and benefit plans.

This cover indemnifies officers from claims while carrying out their duties and obligations in the management of a body corporate.

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