Key features:
D&O liability insurance
also protects the company itself, rather than leaving it to
fund its own defence, thus acting to protect a director's personal
holding in the company.
- Any director/ officer / employee wll be reinbursed for
liability due to any wrongful act;
- And the company itself will be reinbursed where it has
reimbursed a director, officer or employee for the liability.
'Wrongful Act' has a
wide definition and includes any actual or alleged breach of
duty, trust, neglect, error, mis-statement, omission or breach of
authority committed by a director, officer or employee.
