Directors & Officers Liability Policy In Malawi - Britam - Malawi
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Directors & Officers Liability
What is Directors & Officers Liability?
Directors and Officer’s Liability cover is a policy that protects past and future directors and officers for losses arising out of claims made against them for whom they have not been indemnified by the corporation their serving
Directors and Officer’s Liability cover is a policy that protects protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization
Why you need Auditors & Officers Liability Insurance
Protects directors and officers from claims that may arise from decisions and actions taken within the scope of their official capacities.
Who needs it?
All current, future and past directors and officers of a company and its subsidiaries are covered under a D&O policy, which can also include non-executive directors.
What it covers:
Losses arising out of claims “Wrongful Act” committed in their capacity as Directors and Officers of the Company