The policy provides cover through two Insuring Agreements and several extensions.
- Insuring Agreement A - provides protection to directors, managers and supervisors for wrongful acts committed whilst carrying out their duties associated with the management of the company.
- Insuring Agreement B – refunds the company for the legal and other expenses it paid in defending the directors and managers.
- Policy extensions – augment the cover provided by the policy. For example, the Reputation Protection Expenses extension pays costs in communicating an award which declares the Insured Person innocent.
Directors and Officers Liability