D&O

Product Overview

Lawsuits are more frequent these days, leveraged by a growing culture of claims and litigation, and to some extent live social media coverage. There’s no doubt that this scenario is empowering citizens to seek more social justice, but that doesn’t have to limit the decision-making actions of companies’ executives and directors. The D & O product does not prevent a company’s executives from being taken to a trial, but it can offer organizations the support they need if this type of events occurs.

Scope of coverage

D&O protects the insured’s assets by covering the expenses they are obliged to pay as the consequences of claims against their administrators, for which they become liable because of wrongful acts during the performance of their functions.

The main coverages are:

• Civil Liability for Directors & Officers
• Reimbursement of expenses incurred and paid as compensation
• Legal expenses
• Judicial caution contract costs
• Costs of guarantees
• Costs of investigations to a government entity
• Worker’s Comp claims
• Participation as BOD member of no profit entities
• Corporate image costs
• Pollution defense costs

What sets us apart

Nothing else gives more peace of mind to a company’s executives than having the support of the employer in every decision and action they make. A D&O coverage allows for:

• Mitigatation of the impact of exposure derived from changes of legal framework, basically due to ignorance of the law
• Reimbursement of expenses derived from court proceedings, indexation of a claim due to fluctuation of the economy
• Less impact of possible decline of D&O’s productivity at the occurrence of an unexpected event if the adequate policy is in place
• Having coverage limits designed to cover reimbursement and expenses for civil liability, including attorneys’ fees