Directors or Managers (Officers) who are found to have acted outside of their terms of reference as stated in their job description can have, civil, criminal or regulatory proceedings can be brought against them. D&O liability insurance covers the cost of defending these proceedings as well as any compensation costs that arise.
If your company has directors or key managers, Directors & Officer Liability Insurance can cover the cost of compensation claims made against them by shareholders, investors, employees, regulators or third parties, for alleged wrongful acts including:
- Breach of Trust
- Breach of Duty
- Misleading Statements
- Wrongful Trading