Directors & Officers Liability

Home Directors & Officers Liability

This policy covers the following main events:

SECTION 1: DIRECTORS AND OFFICERS INSURANCE

The Insurer shall pay the loss of each and every Insured arising from any claim or claims first made against the Insured during the policy period or the discovery period (if applicable) and notified to the Insurer during the policy period or the discovery period (if applicable) for any Wrongful Act by the director(s) in their respective capacities as Directors or Officers of the Company, except if and to the extent that the Company has indemnified the Insured. The Insurer shall advance in respect of each and every Insured the defence costs of such claim or claims prior to final resolution.

SECTION 2: COMPANY REIMBURSEMENT INSURANCE.

The Insurer shall pay the loss of the Company arising out of any claim or claims which are first made against any Insured during the policy period or the discovery period (if applicable) and notified to the Insurer during the policy period or the discovery period (if applicable) for any Wrongful Act in their respective capacities as Directors or Officers of the Company, but only when and to the extent that the Company has indemnified the Insured for such Loss pursuant to law, common or statutory, or contract or the Memorandum and Articles of Association or similar Instruments of the Company which determines and defines such rights of indemnity. The Insurer shall advance defence costs of such claim or claims prior to their final resolution.