Protect yourself and your personal property from the consequences of unintentional mistakes 

Every statutory and company executive is liable for their regular duties and any claims with all of their personal property. We can help you effectively mitigate such risks thanks to our exclusive D&O insurance products. In addition, our specialists will help you deal with any claims that may arise. 

Interested? Our specialist will provide you with more information and prepare an offer tailored to your specific needs. 

D&O insurance, i.e. Directors and Officers liability insurance, can significantly relieve you of the pressure you feel as a manager or statutory body for being liable for any damage with all of your personal assets. D&O liability insurance provides executives with personal liability and financial loss protection from wrongful acts committed—or allegedly committed—in their capacity as corporate officers. Insurance protection covers not only financial claims that you may inadvertently cause due to a wrong decision, but also, for instance, the costs of legal representation. The paradox of the risk itself is the fact that there is usually a large time lag between the allegedly caused wrongful act and the claim itself, which is often raised against the manager by the company itself or the shareholders. In practice, we often encounter cases where such a time lag may even consist of several years. 

Why you should have D&O insurance  

• Members of company bodies have many regular responsibilities, the unintentional breach of which can cause extensive damage to companies or owners.  
• Unlike employees, executives are liable for their mistakes indefinitely with all their personal property, and in the case of collective bodies, it is necessary to take into account the attribute of joint and several liability.  
• In the current economic situation, executives are now more than ever exposed to risks related to decisions concerning the further development of the company, the fulfilment of set goals and the fulfilment of shareholders’ expectations.  
• Millions in damage can be caused by Directors & Officers even within small companies. This insurance not only covers claims, but also the costs of legal representation in court proceedings, among other things.  
• GDPR also has a significant overlap in the responsibility of company executives, and thus in D&O insurance.  
• D&O insurance is arranged and paid for by the company (policyholder), however, the risk of personal liability of executives as an individual person (insured persons) is insured.  
• Insurance coverage applies to both current and former Directors & Officers. 

How D&O helps 

A joint-stock company operating in information technology took over a smaller company operating in a similar industry in order to expand its range of services. Following the acquisition, it carried out a more in-depth audit of the acquired company’s accounts and concluded that the purchase price it paid far exceeded the value of the acquired entity. They immediately sued the owners of the acquired company and the members of its statutory body for providing false information and for the fact that the members of the statutory body did not act with care and diligence. D&O insurance covers expenses for the legal protection of defendant members of the company’s bodies.