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Directors and Officers (D&O) Insurance is a specialized form of liability coverage designed to protect a company’s executives—including directors, officers, and board members—against legal claims or financial losses resulting from decisions or actions taken while performing their corporate duties. This insurance safeguards their personal assets in the event of lawsuits alleging mismanagement, breach of fiduciary duty, regulatory violations, or other governance-related issues. By providing this protection, D&O insurance not only supports responsible leadership but also enhances the company’s ability to attract and retain qualified executives.
Safeguards directors and officers from personal financial loss due to legal claims related to their leadership decisions.
Provides protection against claims of mismanagement, breach of duty, and regulatory violations.
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D&O insurance covers defense costs, settlements, and judgments, reducing out-of-pocket expenses.
Protects your personal savings, property, and investments from being targeted in a lawsuit.
Encourages strategic and bold decisions without the fear of being sued personally.
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Motor, Public/Product Liability, Workmen’s Compensation, General Third-Party Liability, Contingent Employers’ Liability, Occupiers/Builders’ Liability, Professional Indemnity, Directors’ and Officers’ Liability.
Arrangement between the Pool and members is akin to the Quota Share arrangement on the basis of 60/40.
Cession is the same for all policies except for Motor Comprehensive where 4.5% and Contractors’ All Risks where 15% of premium is ceded to the Pool to cater for the Liability aspects of the risks.
Cession to the Pool depends on how you rank the Pool; for instance, would you feed your treaty before thinking of the Pool or vice versa?
Some of the notable exclusions are participation in: (1) The own damage section of members’ motor policies (2) Exploration, drilling, processing of petroleum gasoline or related products and petrochemical products
The Pool’s arrangement with the members is on a Quota Share basis and does not support layered liability policies.
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