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Directors' and Officers' liability insurance
-Vita-
Posts: 39 Forumite
Hello,
I am a director of my own Limited company and have been researching D&O Insurance.
Some content suggests that both legal (and associated costs) plus compensation/fines are covered by the insurer. Other content contradicts this and suggests that compensation/fines are NOT covered.
Is there a general rule of thumb on this? Any other relevant information would be most welcome.
Thank you.
I am a director of my own Limited company and have been researching D&O Insurance.
Some content suggests that both legal (and associated costs) plus compensation/fines are covered by the insurer. Other content contradicts this and suggests that compensation/fines are NOT covered.
Is there a general rule of thumb on this? Any other relevant information would be most welcome.
Thank you.
0
Comments
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Insurance cannot pay criminal fines0
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How about non-criminal fines/compensation?0
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Not sure what 'content' you have been reading but how about this
http://www.agcs.allianz.com/insights/white-papers-and-case-studies/introduction-to-do-insurance/
Presumably you have PII already?0
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