{"id":10812,"date":"2020-05-15T20:10:35","date_gmt":"2020-05-15T17:10:35","guid":{"rendered":"https:\/\/www.holfinasig.ro\/?page_id=10812"},"modified":"2020-10-18T20:54:06","modified_gmt":"2020-10-18T17:54:06","slug":"directors-and-officers-do-liability-insurance","status":"publish","type":"page","link":"https:\/\/www.holfinasig.ro\/en\/business-insurances\/directors-and-officers-do-liability-insurance\/","title":{"rendered":"DIRECTORS AND OFFICERS (D&O) LIABILITY INSURANCE"},"content":{"rendered":"

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Directors and officers can be held personally liable for alleged mismanagement of a company.<\/h2><\/div>[vc_column_text]Increasing scrutiny of corporate behaviour and a claim-friendly legal environment have accelerated claims made against directors for the quality of managerial act. Allegations may include breach of duty, neglect, breach of contract, breach of employment legislation, etc.<\/p>\n

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Whether your company is a start-up, small-to-medium sized enterprise or a large corporation, regardless how diligent your managers are, managerial errors may appear. Managers face growing threats from legal and regulatory liabilities. These could result in costly investigations, criminal prosecutions or civil litigations, which can have serious financial repercussions for both, managers and company.<\/p>\n

Directors\u2019 and Officers\u2019 (D&O) Insurance provides essential financial protection for directors and officers against the financial consequences of actual or alleged managerial errors.<\/p>\n

As business insurance experts, we can tailor insurance solutions for all types of companies, regardless their size and complexity. We can build bespoke insurances around your unique needs and work with major insurance providers to acquire the appropriate cover at competitive quotes.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column css=”.vc_custom_1581792462279{padding-top: 50px !important;}”][vc_tta_accordion][vc_tta_section title=”What does D&O Liability insurance cover?” tab_id=”1581792306998-8b7e02c8-83ad”][vc_column_text]Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.<\/p>\n

The insurance not only covers the personal liability of company directors and officers but also the reimbursement of the company in cases where it has paid the claim of on behalf of a director or employee in order to protect them from a third party.<\/p>\n

D&O Liability insurance covers the cost to defend lawsuits, as well as any settlements or judgments that arise out of your managerial mistakes.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Why do you need D&O Liability insurance?” tab_id=”1581792307015-14191d2b-6007″][vc_column_text]<\/p>\n