Directors & Officers Liability Insurance

Directors & Officers
Provides coverage to past and future Directors and Officers for losses arising out of a claim made against him for which he has not been indemnified by the corporation he is serving.

Corporate  Reimbursement
Provides coverage to the parent corporation for amounts lawfully paid by it to Indemnify a Director or Officer for loss resulting from a claim against him.
Note:

While the corporation is an insured, the insurance ONLY applies to amounts which it pays as indemnity to a director or officer in connection to a claim made against him.

The policy is a ‘CLAIMS MADE’ policy.  Losses covered include:

  • Judgments

  • Settlements

  • Defense Costs

  • Separate Deductibles for Individual & Company

  • Limit of Liability is aggregate, not per occurrence