Directors and Officers Liability Insurance
D&O insurance provides coverage for claims based on legal liability made against an Insured Person for Financial Loss arising from a "Wrongful Act" in the course of the Insured's Activity, including defence costs.
The policy covers the personal liability of directors and officers as individuals (Side A Cover or Insured Persons), but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them (Side B or Company Reimbursement Cover). In addition, Public Listed companies can be covered for Securities Claims (Side C Cover).
