Directors liability insurance is an answer to a situation when a company’s director or an officer commits or unintentionally acted outside the terms of reference. In case any act of the director arises any kind of a claim, any compensation and legal fees, the coverage of under this insurance policy can help that particular director to get some relief and pay his damages without burdening his finances.
Directors Liability Insurance: What to Cover?
In this d&o insurance cover, protection is provided for claims arising out of the agreed contract or alleged breach of trust, breach of commitment, negligence, error, omission, misstatement, libel, slander, and many other embarrassing situations that could be worth causing a catastrophe. This insurance cover helps in protecting the value of a director’s holding in the company.
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