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Directors and Officers Liability Insurance Policy

Directors and Officers Liability Policy

This is a specialised insurance policy introduced to cover the liabilities of Directors or Officers of a Company.

Insurance
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Since they hold positions of trust and responsibility, they may become liable to pay damages to shareholders, employees, creditors etc. of the company for wrongful acts committed by them in the supervision and management of the affairs of the Company.

Besides the Company itself may be liable. The policy is designed to provide protection to the Company as well as its Directors and Officers against their personal civil liability

Insurance Law And Practice - ICSI
Directors and Officers Liability Insurance Policy Directors and Officers Liability Insurance Policy Reviewed by Ikpokolo Francis on Thursday, May 18, 2017 Rating: 5

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