Directors and officers liability insurance is an essential coverage for organisations of all shapes and sizes, however, it is not always well understood. It aims to protect an organisation and its management from claims made against them in the performance of their duties. Without such coverage in place, they may be exposed to significant financial loss.
In this article, we will explore the concept of directors and officers liability insurance, and understand why it is an important part of any comprehensive insurance programme.
1 Directors and officers liability insurance: A definition
2 How does it fit within an insurance programme?
3 What are the key managerial risks?
4 Claim examples
5 How do managerial risks arise?
6 What types of protection are available?
7 Core coverages
8 Entity coverages
9 Variations of directors and officers liability insurance
10 Who is insured?
11 What type of acts are insured?
12 What types of loss are insured?
13 How is a policy structured?
14 How does a policy function through time?
15 How is coverage acquired?
16 What does an organisation need to consider?
17 What can effect coverage during a policy period?
18 Claims reporting and handling
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