CNP ΑΣΦΑΛΙΣΤΙΚΗ - Directors’ and Officers’ Liability

Directors’ and Officers’ Liability

Directors’ and Officers’ Liability

This is a comprehensive insurance policy that covers the Directors and Officers of a company for their personal liability in case of financial loss of third parties as a result of the Directors' and Officers' inappropriate acts whilst performing their duties as Directors and Officers of the company.

BENEFITS

Full Coverage

Insurance coverage of the personal legal liability of the Directors and Officers of the company for the payment of damages as a result of their negligent acts and/or omissions.

WHO IS THIS FOR

Board of Directors (executives or non-executives). Company Officers, Managers, Secretaries, Internal Auditors, Health & Safety Officers, Compliance Officers, etc.

HOW TO GET IT

HOW DOES IT WORK

CHARACTERISTICS & OPTIONS

  • Basic Coverage

    The Basic Coverage of the Insurance Policy includes:

    • Coverage of the personal legal liability of Company Directors and Officers to compensate for financial loss that natural or legal people may face due to the Directors’ and Officers’ negligent acts or omissions, whilst performing their professional duties. Coverage includes defense costs and other related expenses if approved by the company.
    • Coverage of the Company’s loss to compensate for financial loss to natural or legal people as a result of the directors’ and officers’ negligent acts, whilst performing their professional duties, provided and to the extent that the Company is obliged or entitled to compensate its Directors and Officers in accordance with the law and its Articles of Association.
    • The insurance covers the former, current and future directors and officers while coverage is offered on the basis of claims that are raised or submitted during the insurance period.
  • Additional Coverage

    The Additional Coverage of the Insurance Policy includes:

    • New affiliates
    • Appointments of directors to external boards of directors
    • Extension of claim submission period in the event of non-renewal of the policy
    • Cover for the company for claims submitted by employees (unfair discrimination, sexual harassment, failure to provide fair opportunities or benefits)
    • Inappropriate employer policy

COVER EXCEPTIONS

  • war, acts of terrorism, nuclear radiation, environmental pollution
  • illegal, dishonest and fraudulent acts
  • coverage offered by other policies (Professional Liability, Public Liability, Environmental Pollution, Liability of Funds Providers, etc.)
  • pending claims and / or court proceedings that were declared / started before issue of the policy

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