Company directors are constantly feeling the pressures of excessive corporate governance and regulatory vigilance. Now, directors need to perform to the best of their ability without hurting the company’s sentiments and customers’ interest. If a director fails to perform as per the desired level, he or she is liable to pay for claims made against him or her. Directors and officers insurance covers the risk made against any director of the company.
Insurance for directors pays for any actual or alleged bad decisions. This insurance provides relief against any actual or alleged act or omission, error, misstatement, misleading statement, neglect or breach of duty by the director of the company in the discharge of his/her duties.
It is important to note that insurance for directors does not relief any bodily injury or property damage. You buy auto insurance, workers' compensation, and general liability for such claims.
Monday, February 18, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment