Liability Insurance

The Risk

• The roles of company directors and officers have become more demanding because of the increasingly challenging responsibilities, regulatory requirements and pressures of litigation
• These officials carry personal responsibility and liability for their acts and omissions

Solution

• Liability Insurance can help protect directors and officers against the financial burden of litigation, damage to their reputation and loss of personal assets.
• Cover for legal costs and expenses is important as litigation involving company directors and officers is often difficult to deal with and costly.
• Liability Insurance provides company directors and officers with the confidence to deal with the challenges of business.

Cover

• This policy protects company directors and officers against liability for their wrongful act or omission committed in their capacity as company directors or officers, including but not limited to:
• Negligence
• Wrongful misrepresentation
• Breach of trust
• Breach of fiduciary duty
• Breach of warranty of authority
• Unlawful default including: out-of-court settlements; defence costs and expenses, and compensatory damages awarded against the company directors and officer; costs of appointing legal expertise

Important Note

The details furnished above are only a summary of product features and do not describe the entire terms, conditions and exclusions on the Policy. For further details or clarifications on the Policy contact Futurisk officials or call: 1800-1034-569