Directors' & Officers' Liability
As a director, officer or senior employee you are required to comply with regulations such as health and safety, the environment, and employee relations. But, others may take action against you personally if they feel you are not adhering to the regulations. In this event, you are personally liable for any wrongful acts, whether actual or alleged. The Director’s & Officer’s Liability Insurance is designed to protect you and your personal assets from any such claims. The Director’s & Officer’s Liability Insurance gives you and your employees, the following cover:
- legal costs in defending a claim including defence costs until the blame is actually proven
- indemnity payment when the court case is unsuccessful
Public Offering of Securities Insurance (POSI)
If your company seeks to go public on stock market, POSI can cover you, your company, selling shareholder, controlling shareholders and offering underwriter resulting from a public offering claim because of wrongful act. It covers investigation costs, defense costs and claim settlements. Also it is highly recommended to purchase together with Director & Officer Liability Insurance due to the Main Board Listing Rules – Appendix 14 (Corporate Governance Code and Corporate Governance Report).