Directors and officers liability insurance

Directors and officers liability insurance

Insure directors and officers liability:
protect your private assets

Directors and Officers (D&O) Liability insurance is important for (directors of) associations, foundations and companies. Directors can also be held liable up to their private assets. The D&O covers the personal liability of directors, supervisors or commissioners in case they are being personally sued for actual or alleged errors or "wrongfull acts" in managing a organization.

Quote directors and officers liability insurance in the Netherlands

What is covered by directors and officers liability insurance in the Netherlands?

Regardless of whether there is a right or wrong claim, the costs of defense will be reimbursed with this insurance. In short, defense costs include: all reasonable costs, fees and expenses incurred for the defense or investigation of claims under this insurance, legal costs, costs for appeal and costs for cassation.

If it appears that the relevant director or supervisory director is personally liable, the claimant's damage will be compensated under the policy up to a maximum of the insured amount.

Is D&O also important for interim directors?

Contrary to popular belief, the same applies to interim directors as to permanent directors. They run the same risks and can be held liable in the same way. Interim directors fall within the coverage of the D&O of the relevant organization.

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