The Directors and Officers are vulnerable to various risks given the nature of their jobs. Insuring them against such risks is vital for the continued growth of the company.
Directors and Officers Liability Insurance
How the D&O policy has proven itself to be a modern safeguard key decision makers of IT companies in 2020
Directors and officers of any company hold responsible and powerful positions and the decisions of these key personnel can impact every aspect of their firm or business. These key decision-makers are often personally held liable for any alleged breach of duty or negligence. Over the last years, many IT companies have grown to achieve large […]
D&O and corporate indemnification
In general, the term indemnification refers to one party agreeing to or being required to cover the expenses that another party incurs. For corporates (usually corporations or companies with limited liabilities), this involves indemnifying directors and officers. This means a directors & officers liability policy provides indemnification that covers legal expenses, defense, and settlement amounts […]