With greater corporate governance and regulatory surveillance in place today, company directors and officers are under increased pressure to carry out their duties and obligations meticulously. Failure to do so may lead to personal liability for the individual director or for the entire board of directors, regardless of whether they are acting in a part-time, honorary or non-executive capacity.
CGU Directors and Officers (D&O) Liability Insurance is designed to protect the assets of company directors and other individuals of a corporation against such claims.
A broad and flexible definition of ‘Insured Person’ applies, covering every past, present and future director, secretary, executive officer or employee of the corporation.
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Contact your insurance adviser or find an insurance adviser to obtain a Directors & Officers Liability Insurance quote and complete an application.