Directors and Officers Liability
Directors and officers in the Middle East are increasingly at risk from exposure to personal financial liability arising from claims brought against them in connection with the discharge of their duties.
Directors and Officers liability insurance (D&O) provides coverage for past, present and future directors and officers in respect of wrongful acts undertaken in the course of the performance of their managerial duties. D&O cover protects the personal assets of Directors and Officers.
The policy is purchased by the company for the benefit of the directors and officers as individual insureds. The policy will reimburse the company itself for a loss where it has indemnified a director in respect of a claim made against them and in the event that the company is unable to reimburse the director, the policy will directly pay the individual.