Directors’ & officers’ liability (D&O) insurance provides protection against the costs of litigation and damages that may ensue from actions brought against directors and officers carrying out their management duties for the company.
D&O insurance includes cover for:
- Awards and defence costs
- Protection for the directors and officers of subsidiary companies
- Cost of legal representation when a director is required to attend an official investigation into the affairs of the company
- Civil actions for misleading statements and anti-competitive acts
- The cost of fighting applications for extradition