Directors and Officers Liability Insurance
Helping directors face the future and conduct their business with confidence
There are good reasons to consider Directors and Officers Liability insurance from AIG
Why boards and senior management need D&O
Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual and alleged breach of duty, neglect, misstatements, errors and omissions.
Taking the pain out of investigation
There is a growing number of governing bodies or authorities who can investigate a company and today more attention is being focused of smaller companies. Even if an individual is not yet personally under investigation, immediate expert legal guidance can help and perhaps stop the situation becoming more serious.
Shared responsibility
As directors and managers are between them jointly and severally liable, an error on the part of one can have financial and personal consequences for the others, who may have acted completely correctly. Strong cover, that ring-fences the cover individuals can receive, can help build the confidence required to work together.
Personal and professional responsibility
Actions against the company and its management can involve a high degree of personal liability for the individuals. With potential penalties that range from hefty fines, all the way to disqualification and possible imprisonment, the need for an immediate and effective response to any threat is clear.
The best possible defence
Investigations and court cases are time consuming and very expensive. D&O cover from AIG assures its protected that they will have the highest quality legal representation and assistance from the first moment that an action commences.
Protection that responds to the world
AIG is the world leader in D&O insurance and we ensure our clients are protected against new and emerging types of risk, updating our cover regularly. This expertise extends to the support of our claims teams, who can draw upon the experience of our world-wide network.
Who is it for?
Public and private companies, partnerships and not for profit entities.
What is covered?
Provides cover for all company officers, directors and managers – past present or future
- Legal defense costs
- Coverage is extended to subsidiaries of the policyholder, as well as the representatives of the policyholder or its subsidiaries in companies in which participating minority.
- Coverage to Individuals in the case of non-compliance with employment practices law
- Specific extensions and value-added services tailored to each customer