Directors & Officers Insurance
Directors and Officers liability insurance (D&O) provides coverage for directors and officers in respect of wrongful acts undertaken in the course of the performance of their managerial duties. D&O cover protects the personal assets of Directors and Officers from any claims brought against them in connection with the discharge of their duties.
Covers:
Advancement of defense costs
Legal fees and expenses for attendance at any investigation
Pre-investigation cost
Outside directorship cover
Automatic Discovery period
Subsidiaries as per definition in wording
Lifetime run-off for retired directors
Special excess protection for non-executive directors which is in excess of aggregate limit of liability
Prosecution expenses
Bail bond and civil bond expenses
Crisis communication extension
Risk management extension
Accidental Homicide (Corporate Manslaughter)
Assets & Liberty expenses
