Understanding from D&O Insurance
D&O Insurance addressed to give protection for executive & officer in company so that freeing from the risk decision making of the business they do where third party can claim it.
Responsibility object in D&O Insurance
Responsibility object in this insurance is prosecution of third party effect of made by decisions of executive party and officer the company when doing its business activity.
The risks guaranteed in D&O Insurance:
Prosecution of third party, including costs to do the defense (defense cost).
The risks is not guaranteed in D&O Insurance:
Data to be given to insure in D&O Insurance:
D&O Insurance addressed to give protection for executive & officer in company so that freeing from the risk decision making of the business they do where third party can claim it.
Responsibility object in D&O Insurance
Responsibility object in this insurance is prosecution of third party effect of made by decisions of executive party and officer the company when doing its business activity.
The risks guaranteed in D&O Insurance:
Prosecution of third party, including costs to do the defense (defense cost).
The risks is not guaranteed in D&O Insurance:
- Things related to intentional element
- Things related to bribery
- Majority shareholder
- Professional indemnity
- War, terrorism
- Radioactive and pollution
- The demand instruct to injuring the body or damage / loss of property
Data to be given to insure in D&O Insurance:
- Fill proposal form the
- Annual report last, which have been made an audit of by external of auditor
- Last financial statement
- Curriculum vitae for director and commissary
1 comments:
Nice post. This article helped me a lot to understand this policy option. From a company point of view this policy is really necessary to give protection to the executive & officer.
commercial general liability insurance
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