D&O is a Liability insurance policy designed for Directors (both de jure and de facto), Statutory Auditors, and Officers, covering amounts they are liable to pay to third-party claimants. It covers financial losses directly caused by the commission of Wrongful Acts in the exercise of the duties and powers conferred upon them. Indeed, these individuals are personally liable with their own assets in the event of a negligent breach of duties imposed by law and by the Articles of Association (Bylaws) of their Company.
Defense of Directors' personal assets; protection of employees, shareholders, and creditors; coverage against liability claims, legal defense costs for individuals and the Entity, and emergency costs.
