Directors and Officers Insurance provides cover for wrongful acts committed by directors and senior management whilst carrying out their duties associated with the management of the company. Directors and Officers Insurance also covers legal expenses the company may incur in defending claims brought against its directors and officers.
A Directors and Officers Insurance policy is available as a standalone policy or in conjunction with a suite of products designed specifically for small to medium private companies, which is sometimes referred to as Management Liability insurance.
These policies now also include ‘costs in addition’ that provides a distinct limit for legal costs (rather than a combined limit for damages and legal costs).
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