HDI Directors’ & Officers’ (D&O) Liability Insurance: insurance cover for escalating
liability risks in the daily course of business
Global business and supply relationships as well as more stringent compliance requirements
are increasing the liability risks faced by corporate leaders and executives. If they
make poor decisions, they can be held liable for financial losses – personally and
unlimited. HDI Directors’ & Officers’ (D&O) Liability Insurance gives decision-makers
the peace of mind they need to perform their work effectively.
Management and supervisory boards take over responsibility for their companies.
Business activities can however result in losses impacting the financials of their
own companies or third parties – be it as a result of a mistaken investment,
non-compliance with a new law or making false statements during a tender process.
Executives are increasingly confronted with claims for financial losses. Corporate
leaders face unlimited liability for financial losses with their personal 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
The D&O insurance provides insurance cover for directors and officers in case
of a claim, resulting out of a financial loss, made against them due to a wrongful
act while serving in their responsibility. In the event of a claim, HDI deals with
the issues of what is covered and who is liable and pays compensation for justified
claims. Unjustified claims are rejected by HDI claims specialists, if necessary, in
cooperation with specialised lawyers.
HDI D&O insurance covers managers 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 manager must prove that it has not breached its obligations.
HDI D&O Comfort, Comfort Plus and HDI D&O Comfort Individual insurance
give corporate executives access to tailor made insurance solutions.
This D&O liability insurance, using a simple application procedure, is aimed at the executive bodies of medium-sized companies, specifically private companies with an annual turnover of up to 50 million Euros.
This D&O liability insurance provides comprehensive insurance cover for industrial companies with international activities. The option of putting international insurance programmes in place is provided alongside substantial scope of cover.
This personal D&O policy can be bought by insured persons individually. Insurance cover takes effect when the limit of the company’s insurance cover has been exhausted, a retention for the insured persons within the company D&O applies or the scope of cover is disputed.
Global insurance against liability risks
HDI provides global insurance cover, through its international insurance programmes, with facilities to issue local D&O policies in more than 60 countries.
Steady capacity to provide cover
Over the long term policyholders can rely on high and steady levels of underwriting capacity to insure against these liability risks.
Cover for other liability risks
Insurance solutions are also provided for prospectus liability risks as part of an IPO (initial public offering) or other issues of securities.
Professional support in the event of a claim
In the event of a claim, insured persons can rely on optimum support provided by a global network of claims experts.
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 programme.