Administrators / D&O Liability Insurance
In our legislation, corporate directors are liable with their own personal assets, present and future, for the harmful consequences arising from their management activity It is also understood that the principle of solidarity of all the members of the administrative body implies that each one of them is liable for the totality of the economic damage caused to third parties, making it practically obligatory to take out Directors’ Liability Insuranc
What does it offer?
In the event of a lawsuit against a person in his capacity as Director or senior manager of the company, it will bear all the defense costs of the defendant(s) as well as the indemnity to which they may be condemned up to the limit of coverage contracted.
The market currently offers numerous D&O products. At ATCA we study the information provided by our clients and look for the best options so that the chosen alternative fits exactly to their insurance needs.
Who needs it?
Directors’ Liability / D&O insurance is required for directors or senior officers of companies.