Despite having good intentions, mistakes can happen
Directors & Officers Liability will protect the past, present and future directors and officers of a business, or anyone else involved in the management of a company, including employees against personal liability claims.
The policy also protects these individuals' assets and estates, as well as a company's assets.
These types of claims can be made against an individual, the company or both.
It is important to note that policies exclude fraud and criminal offenses.
Director & Officer claims can arise from acts such as:
- Engaging in Unfair Competition
- Fraud or Breach of Fiduciary Duty
- Misappropriation of Trade Secrets
- Insolvent Trading
- Intellectual Property Breach
There are often exclusions, deductibles and limits which apply, so contact an Avoca Insurance Broker to discuss your specific insurance needs.
Have any questions? Call for a quick chat!
