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 Directors
& Officers Liability Insurance
Directors and Officers Liability Insurance provides
directors and officers of a
company protection against any litigation arising
from the execution of their
duties/management functions. As part of the management
team and important
decision makers of an organization, they run the
risk of being sued for any
violations they may incur in the execution of their
duties. Directors and officers
can be held personally liable for their breach of
duties and subject to claims
from third parties. As a result, all personal assets
of directors and officers
acquired from years of hard work may be subject
to risk and they may become
bankrupt overnight. In light of the above, there
is a need for a D&O Liability
Insurance to protect the personal assets of the
directors/officers.
.
By taking out D&O Liability Insurance, the organization
does not only pledge
its commitment to its employees ( especially directors
and professionals whom
the organization rely heavily on) a reasonable transfer
of personal liabilities
arising from the execution of their duties/management
functions. D&O Liability Insurance also attracts
more
prominent members of the society to be involved
in and effectively provides indemnity for losses,
if
any, and enables organization to continue stable
operation even if sued by third parties.
.
There is no current standardized D&O Liability
Insurance
policy. Although there is a great variance in the
terms
and conditions of each D&O Liability Insurance
policy,
the structure remains similar. Through Alexander
Leed
Risk Services, not only will it provide competitive
premium rates, it also provides expert and
professional advice to enable clients to make
the right choice when taking out the coverage.
| Alexander
Leed Risk Services provides the following
services: |
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assist
clients in compiling and analyzing domestic
and foreign
D&O Liability Insurance coverage available
in the market; |
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assist in analyzing
the organization of group companies and
scope of the coverage applicable to each member
company; |
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assist
client to understand coverage restrictions
that may have
been imposed by underwriters following the
changes of
underwriting criteria adopted by the market; |
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design professional
and expert insurance plans, adopt a prompt
and pro-active approach in helping corporate
managers to
manage individual personal risks; |
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produce insurance manual for easy reference
of relevant rights
and obligations that may affect the interest
of the insured; |
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provide case analysis
and training on specific topics. |
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