Directors & Officers Liability Insurance provides you with cover for costs involved with legal action arising from carrying out your management and fiduciary duties. Directors and Officers are accountable for their actions and can be exposed to serious liability risks. They can be personally liable for their legal obligations and any resulting lawsuits can be time consuming and costly to defend.
Possible legal action can arise from either employees (including wrongful dismissal, harassment, unfair work practices and unsafe work environments) or from third parties (including shareholders, bond holders, creditors, liquidators, competitors or regulators).
Provides comprehensive cover for Directors & Officers to protect themselves from claims alleging mismanagement. Cover includes:
Cover will automatically extend to include the Company’s costs of indemnifying the Director or Officer The Company can also buy an additional “Corporate Liability” Coverage to protect against Securities Claims
NZ and Pacific Islands domiciled risks
Worldwide Jurisdiction can be provided
This comprehensive solution can be tailored to any size of company whether private or publicly listed.
Up to $30m
The Directors & Officers and Corporate Liability limits can be aggregated in order to achieve premium savings if required
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