Decisions made in the enterprise may give rise to the liability of persons managing the enterprise as provided for by law. D&O insurance provides a sense of security and a guarantee of protection, taking into account:
Covering the costs of legal defense against claims - also in criminal cases
Payment of compensation - awarded or settled by way of a settlement
Protection for the company in connection with a security claim
Cover the costs of the preparatory proceedings
Payment of compensation in cases of infringement of employee rights
Protection of members of governing bodies who sit in subsidiaries without the need to purchase separate policies
Protection in the event of liability of members of the company's bodies for public-law obligations
Coverage of administrative fines and penalties
The D&O policy is to protect the private property of insured persons and their families, but also to protect the company from the financial consequences of decisions made by members of management bodies. The policy is triggered in the event of a claim by a counterparty, shareholder, or even an employee against the management board, supervisory board, and individually against persons who are members of these bodies.
Our activities are based on two pillars: a precise structure of the scope of protection and a precise definition of the group of people covered by insurance.