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  • Directors & Officers Liability Insurance (D&O)

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    Directors and Officers Liability Insurance (D&O) protects the personal assets of directors and officers from legal claims made against them for wrongful acts committed in their roles. D&O insurance is purchased by companies but provides coverage for the personal liabilities of decision makers. The policy covers legal defense costs and any amounts directors and officers become legally obligated to pay due to claims. D&O insurance protects directors and officers when a company cannot indemnify them, as well as the company when it has indemnified directors and officers. Both public and private companies need D&O coverage to fully compensate for any personal liability risks of their directors and officers.

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    D&O

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    Directors and Officers Liability Insurance (D&O) protects the personal assets of directors and officers from legal claims made against them for wrongful acts committed in their roles. D&O insurance is purchased by companies but provides coverage for the personal liabilities of decision makers. The policy covers legal defense costs and any amounts directors and officers become legally obligated to pay due to claims. D&O insurance protects directors and officers when a company cannot indemnify them, as well as the company when it has indemnified directors and officers. Both public and private companies need D&O coverage to fully compensate for any personal liability risks of their directors and officers.

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    26 views1 page

    Directors & Officers Liability Insurance (D&O)

    Uploaded by

    vincentcarlo
    Directors and Officers Liability Insurance (D&O) protects the personal assets of directors and officers from legal claims made against them for wrongful acts committed in their roles. D&O insurance is purchased by companies but provides coverage for the personal liabilities of decision makers. The policy covers legal defense costs and any amounts directors and officers become legally obligated to pay due to claims. D&O insurance protects directors and officers when a company cannot indemnify them, as well as the company when it has indemnified directors and officers. Both public and private companies need D&O coverage to fully compensate for any personal liability risks of their directors and officers.

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    Fenchurch Faris Ltd. (A member of Heath Lambert Ltd.

    ) Insurance & Reinsurance Consultants & Brokers

    Directors & Officers Liability Insurance (D&O)


    Directors and Officers can be personally sued by third parties (creditors, suppliers, customers, competitors, regulators) or even by their own company (shareholders, or even employees) for damages allegedly caused by them through wrongful acts (omissions, errors, misstatements, neglect or breach of duty) committed in their function as Directors & Officers. The D&O Insurance protects the Directors & Officers personal assets against these legal claims should they become legally obligated to pay for a Wrongful Act committed in their capacity as Directors & Officers. D&O Liability insurance is purchased by the company but provides cover for the Personal Liabilities of the main decision makers. D&O Policy covers: Indemnification: Coverage for the amount which any insured person becomes legally obligated to pay on account of each claim made against them for Wrongful Acts. Defense Costs: Coverage for the costs incurred in defending or investigating Claims. D&O Policy insures: The Directors & Officers when the corporation cannot indemnify them The company when it has indemnified its Directors & Officers D&O also offers protection to the spouse, heirs, estates and legal representatives, who under Common Law, can face claims against them for wrongful acts committed by Directors & Officers. Who needs D&O? Public & Private Companies Why Buy? Full compensation for any Personal Liability (for the Directors & Officers of the company) Can be requested by new investors and new directors Good risk management; not a replacement for good governance / management Contacts: Osama Dayeh, Branch Manager, osama@fenfar.ae Zayd Faris, Business Development Manager, zayd@fenfar.ae
    PO Box 45052, Abu Dhabi, UAE / Tel. +971 (2) 674 0981 Fax. +971 (2) 674 0978 / fenfar@fenfar.ae / www.fenfar.gr

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