Directors and officers Insurance Cover
Directors & Officer Liability Insurance cover provides financial protection for the Directors and Officers of a company in the event that they are faced with a legal suit pertaining to the failure to perform their duties as they relate to the company. Since a director can be held personally responsible for acts of the company, most Directors and Officers will demand to be protected rather than put their personal assets at risk.
Fortunately, the enormous responsibilities facing business leadership need not to go unprotected: Section 78 (3) of the new Companies Act allows for the indemnification of Directors and Officers through the purchase of Directors & Officers liability insurance cover.
Fortunately, the enormous responsibilities facing business leadership need not to go unprotected: Section 78 (3) of the new Companies Act allows for the indemnification of Directors and Officers through the purchase of Directors & Officers liability insurance cover.
