Directors and Officers Liability Insurance (D&O)

Directors & Officers Liability Insurance (D&O) applies to the management bodies of companies from any industry. This insurance covers not only the liability of members of the management board, supervisory board, or audit committee but also proxies and employees in managerial positions for damages caused to the company or third parties in connection with the performance of their duties.

Under a D&O insurance policy, the coverage includes, among other things: legal and extrajudicial defense costs related to claims (alleged or actual wrongdoing), administrative fines and penalties, funds for compensation payments to claimants.