Directors and Officers cover also known as D&O provide cover for the Directors and or the Company for claims alleging the misconduct or transgression of statutory nature.
Cover Provided
Cover is provided for the following:
- Side A – claims made against the Directors in their Personal Capacity
- Side B – claims made against the Company indemnifying the director
- Side C – claims made in connection with shares or the likes
It is important to note that this cover is for a statutory transgression and does not cover the director for their normal conduct in the operation of a business.