DIRECTORS AND OFFICERS INSURANCE

In present times when the world has become more litigious and the people are feeling the need to protect themselves from the emerging situations, even the directors and officers of the companies can own directors policies to cater to their needs and requirements. Such policies are known as the directors officers insurance policies.


Many officers and directors do not actually realize the dangers open to them. They are completely prone to liability lawsuits from their employees, creditors, shareholders and regulators. Earlier people used to believe that because director is a very high post so they can get away with doing anything in the company but because of the transparencies in the systems these days, it is not so anymore. So to avoid the financial damages, the directors and the officers need a strong protection policy to safeguard their interests and avoid paying huge sums of money as claims and compensations in case they are sued.

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