Directors and officers liability

Who is this cover for?

Company directors or officers for actual or alleged breach of their fiduciary duties, decisions and/or actions. Examples are:

• IT and technology based firms
• Hospitality organizations
• Manufacturing companies
• Non-profit organizations
• Financial advisors and real estate agents
• Construction companies

WHAT'S COVERED

 – Shareholders, if the business results cause a drop in dividends or the value of shares.
– Employee’s should they lose their employment.
– Creditors, if they are not paid.
– Customers, who are seriously prejudiced due to mismanagement.
– Suppliers, who have incurred considerable expenses to supply the company.
– State authorities, who could bring criminal charges against you for negligence.
– SARS, if the company’s taxes are not paid.
– Corporate governance survey.
– Alternative dispute resolution, before matters go to court.
– Legal expenses/costs.
– Failing to do your fiduciary duties.