Provides compensation to the company against amounts that the insured
This is a cover that protects corporate directors and in the event that they’re personally sued for actual or alleged wrongdoing when managing a company. It provides compensation to the company against amounts that the insured shall become legally liable to pay resulting from any wrongful act in their capacities as officers. The insurance helps cover defence costs and damages (awards and settlements) arising out of wrongful action allegations and lawsuits.
