Directors & Officers Liability Insurance
Protection for Corporate Decision-Makers
The decisions that executives and board members are called upon to make today are more difficult than ever. Their responsibility for the survival, growth, and smooth operation of their companies is significant.
Directors & Officers (D&O) Liability Insurance is a necessary protection tool for them. It covers managers and executives against third-party claims resulting from errors, omissions, or other acts committed in the course of performing their managerial duties.
________________________________________
🔹 Key Features of D&O Insurance
Financial Claims
Covers claims brought by:
• Shareholders
• Employees
• Clients
• Partners
• Competitors
• Suppliers
• Creditors
• Other third parties
Claims may involve:
• Breach of corporate bylaws
• Mismanagement
• Breach of fiduciary duty
• Failure to comply with agreements
• Unfair competition
• Negligence in corporate decisions
Investigation & Defense Costs
Covers legal fees related to defending the insured before courts or authorities in relevant investigations or legal proceedings.
________________________________________
🔹 Benefits of the D&O Insurance Program
Protection of Personal Assets
Secures the personal wealth of board members and executives.
(According to Greek Law 3604/2007 on S.A. companies, board members and executives may be held personally liable for negligent actions in the execution of their duties.)
Encouragement of Innovation
Promotes executive confidence in innovation and decision-making by removing the fear of personal legal exposure.
Peace of Mind
Provides reassurance that executives are protected in the event of lawsuits or other legal consequences stemming from managerial decisions.
________________________________________
The D&O Liability Insurance program is an integral part of corporate risk management, allowing company leadership to operate with greater confidence and security.
📞 Work with an Allsafe insurance advisor to tailor the coverage to your business’s needs and ensure that your management team is protected against every risk related to corporate governance and strategic decision-making.
