Directors & Officers Liability Policy

Another specialized product in this class of insurance, also introduced in the recent past, is the Directors & Officers Liability Policy.  The target group in this instance comprises company directors and other senior officers. The coverage afforded indemnifies against penalties that may be imposed in respect of inadvertent statutory defaults or liability relating to acts of negligence to third parties which the directors and officers may commit in the course of their official duties.  It is a class of insurance that is rapidly gaining in importance, owing to mounting litigiousness as people generally become more enlightened and conscious of their rights.