Management boards, CEOs and supervisory boards assume responsibilities for their companies. Business activities can however quickly result in losses impacting on their own companies or third parties – be it from a mistaken investment decisions, non-compliance with a newly introduced law or making false statements during a tender process. Executives are then increasingly frequently confronted with claims for damages. Corporate have potentially unlimited liability for financial losses up to the amount of their private assets. HDI Directors & Officers (D&O) Liability Insurance provides a safety net to those executives affected, which covers them in an emergency and prevents seizure of their personal assets.
Scope of services at a glance
D&O insurance
The D&O insurance policy provides insurance cover if a member of an executive body has a claim for damages made against them as a result of a breach of duty. In the event of a claim, HDI determines what is covered and who is liable and pays compensation for justified claims.
- HDI D&O insurance covers decision-makers against statutory liability claims by third-parties and by their own companies.
- Corporate leaders are provided with substantial support in the event of a claim. As far as claims for damages by an executive’s own company are concerned, a reversal of the burden of proof applies to the question of liability. That means that the organisation must prove that it has not breached its obligations.
Highlights
Global insurance against liability risks
Through its international insurance programs, HDI provides global insurance cover with facilities to issue local policies in more than 60 countries.
Steady capacity to provide cover
Over the long term policyholders can rely on high and consistent levels of underwriting capacity for insurance against these liability risks.
Cover for other liability risks
Insurance solutions are also provided for prospectus liability risks for stock market flotations and other issues of securities.
Professional support in the event of a claim
In the event of a claim, HDI’s many years of experience means insured persons can rely on optimum support provided by a global network of claims lawyers and on rapid settlement of any claims.
Experts’ tip
International compliance requirements
Each entry into a foreign market increases the compliance requirements faced by companies and their executives. You can insure against these liability risks in line with local requirements through an international insurance program. Why not talk to our experts.
