What is a D & O insurance? What does it cover? And how to exclude from it? For whom the D & O insurance is suitable that as Manager insurance called police was created specifically for executives at companies, which through their business activities of personal liability are subject to and may be required to pay damages. These include supervisory boards as well as managing directors and Board members. But also officers and general agents can interfere in the course of their activities in situations, in which they are liable. Just then, when strategic decisions are made, such insurance is absolutely necessary. The same applies, incidentally, when Manager activities are incorporated into foundations or sports clubs that personal liability, that insurance can be secured by a D & O applies also here sometimes. s. The scope of services of D & O insurance D & O insurance is always then, when a third person is a Claim for damages against the insured wants to enforce. This regulated claims for damages not only internally, so if the company due to a wrong decision would sue for compensation by the Manager.
Even if a strategic decision in the external relationship constitutes a claim for damages, the insurance will pay. She occur also against insolvency administrators, competitors and authorities if they want to assert any claims for damages. The services of D & O insurance is not only regulating the agreed sums of damage. The insurance is rather to examine the full facts of the case and finally decide on the basis of the facts whether a regulation is made. Arises from the audit but that the claim for damages is unfounded, this is also dismissed and shunned by the Manager.
The insurance so ensures that executives, managers and supervisory board members fully carry out their job and to can use for your company. The conclusion of the D & O insurance due to the numerous benefits and high risks in the Manager field it is important to have a D & O insurance. It protects the Manager from damages and regulates them so that insured persons are protected before, to introduce their own assets or even lose. Generally insurance completes the D & O not the Manager itself, but the company, in which it operates. Even so, the company ensure that managers can work here undisturbed and without worrying about the consequences the company engage in.