Professional Liability – Directors and Officers549

Directors and officers of a company are covered against their personal legal liability, including defence costs, incurred following an actual or alleged wrongful act committed whilst acting in such capacity. The policy caters for exposures such as breach of duty, negligence, error, omission, misleading statements and other exposures. Insurance also provides indemnity to the company in respect of any loss where it is required or permitted to indemnify the directors either by law or under the memorandum or articles of association.