D&O Liability Insurance provides financial protection for the Directors and Officers of a company in the event they are sued in conjunction with the performance of their duties as they relate to the company.
Since a Director can be held personally responsible for acts of the company, most Directors and Officers will demand to be protected rather than put their personal assets at stake.
Fortunately the enormous responsibilities facing business leadership need not go unprotected: Section 78 (3) of the new Companies Act allows for the indemnification of Directors and the purchase of D&O liability insurance.
Underwritten by SHA / Santam , this product is available to clients who have a commercial insurance policy with Intasure.
A one-page proposal form is required and cover can be placed almost immediately.
Sue Spruijt (email@example.com) heads up our commercial section. She will be happy to assist or to ensure that an appropriate member of our team is appointed to assist you.