D&O Liability Insurance

Helping directors face the future and conduct their business with confidence

D&O Liability Insurance

D&O is in our DNA and our new CorporateGuard offering is the strongest we have ever produced. It’s built on our longevity in the sector, our global franchise, our technical expertise and our experience handling more claims against directors than anyone else.

We know that directors are embracing opportunities in IT investment, product innovation or emerging markets, but we’ve also seen that they’re facing unprecedented regulatory and political scrutiny, mounting shareholder activism, a recessionary environment, intense competition for business and talent, and an irresistible rise in claims.

FEATURES & BENEFITS

  • CorporateGuard responds with a fresh limit for every claim. No matter how many claims a client has on their policy, they will still have primary capacity available and benefit from our claims expertise every time. This cover is subject to extra premium costs.
  • CorporateGuard offers earlier protection and has been adapted to provide coverage to individuals in investigations.
  • CorporateGuard's conduct exclusion is applied on a final, non-appealable adjudication basis.
  • CorporateGuard offers Enhanced definition of Official Body and makes explicit references to parliamentary commissions.
  • CorporateGuard provides public relations protection for directors in case of press or social media attack on their fiduciary integrity.
  • CorporateGuard gives emergency funding to directors in the case of confiscated property.

 

Who is it for?

Mid to large sized companies. Includes past, present and future directors, officers, employees acting in management or supervisory capacity, shadow directors, outside entity directors, spouses, administrators and executors of insured’s estates.

What is covered?

  • Individual coverage for unpaid corporate taxes generating individual liability.
  • Insolvency hearing cover.
  • Enhanced protection to directors for claims brought in US bankruptcy proceedings.
  • Mitigation costs and prosecution costs to prevent civil liability actions.
  • Derivative investigation costs.
  • Enhanced bodily injury and property damage coverage for directors.
  • Cover for the company following a crisis loss.

Directors and Officers Liability Insurance policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805