Directors and Officers

Directors and Officers Liability Insurance (often called D&O) is insurance payable to the directors and officers of a company, or to the corporation itself, to cover damages or defense costs in the event they are sued for wrongful acts while they were with that company. Typical sources of claims can arise from shareholder-derivative actions, customers, regulators, and competitors (for anti-trust or unfair trade practice allegations). D&O insurance is usually purchased by the company itself, even when it is for the sole benefit of directors and officers. Reasons for doing so are many, but commonly would assist a company in attracting and retaining directors.

Given the current business dynamics and with the uncertainty and the density and breadth of the different existing legal regimes, it has become virtually indispensable in recent years the acquirer of a liability insurance for directors and senior positions.

Who is this insurance aimed for?
This insurance is aimed at both the Legal Entity, as Corporations or Limited, partnership, commandite, cooperatives, as well as foundations, , as it is becoming common practice for directors, officers and executives to ask the company for an insurance of this kind, given the fact that they could not handle, personally, to the demands arising from this liability.

Advantages

Personal assets protection
A policy that provides the necessary protection to Directors with the guarantee that they are not risking their personal assets.

Maximum coverage
The insurance policy we offer is designed to provide the best and most comprehensive coverage existing in the sector, covering the payments to which they have to face in terms of defense costs, court expenses, bonds, as well as possible resulting damages.

Limits of Coverage We have extensive coverage limits, being able to choose from several options to suit your needs.

Temporal Limit
The basic coverage provides protection to all those senior officials who make up the present administration, past and future, as well as their heirs, legal representatives or heirs, in addition to other posts in the direction of the company, with unlimited retroactivity.

Scope Limit
Worldwide excluding U.S.A. and Canada, and may be extended to these countries if necessary.