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Directors and Officers liability

Scope of Cover
• The policy provides indemnity to the Directors and officers against amounts which the insured shall become legally    liable to pay as compensation including agreed defense costs and expenses, in respect to any wrongful act    committed in their capacities as Directors or Officers of the Insured Company.

• Judgment costs
• Settlement costs
• Defense costs

Risks covered
• Wrongful dismissal of an employee
• Unwarranted dividend payment
• Inaccuracy in statements of financial accounts
• Lack of judgementand good faith.
• Mismanagement of funds
• Unauthorisedloans or investments.
• Failure to obtain competitive bids
• Imprudent expansion resulting in a loss.
• Misrepresentation in acquisition agreements

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