Directors & Officers liability
Directors' and officers' liability insurance provides cover against financial loss claims made, on the basis of statutory liability provisions, against members of the board of directors, executive boards and other employees in their capacity or role as a director or officer of the insured company.
Business leaders are confronted with various risks such as hazards associated with mergers, acquisitions, public offerings and the like. Never before have corporate directors and officers faced a greater likelihood of being sued because of their decisions. Directors and officers of public companies are a potential target for lawsuits alleging financial loss. Plaintiffs are normally investors, employees, regulatory agencies and customers, among others.
Swiss Re protects the liability of business leaders by covering the litigation costs and damages in the event they are sued by third parties. This may save directors, officers and their companies from a financial disaster.
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