As a director, there are instances where you can be held personally liable for claims against the company. Not only could you stand to lose your company, but you could stand to lose all your personal assets as well.
Insurers in South Africa are starting to see a lot more claims due to a growing litigious society. If you are a director you may be called upon to answer. Protect your business and reputation!
Get peace of mind through a Directors and Officers Liability policy.
What does Directors and Officers Liability cover?
- Directors, managers, officers and anyone in a managerial position against claims from third parties.
- When acting outside of your duties as a director, provided such action is not deliberate or fraudulent.
- Damages and legal costs even if the claims are frivolous.
