Directors' and officers' liabilty insurance
The existing legislation imposes many obligations on company/organisation body members. In the event they are breached and financial damage occurs, these members bear personal responsibility for the entire damage. Members of company bodies and management are thus subject to the risk of giving up all their existing and future assets to compensate for damages caused by incorrect decision during the exercise of their function. Upon assuming their functions, as well as during the exercise of their duties, the solution to their situation lies in a liability insurance policy for company body/management members.
This policy brings benefits both to the members of company bodies and management as well as for companies themselves. In the event of damages, companies may receive compensation much easier and faster without having to resort to extremes and fight for their claim in court.