Protecting strategic decision-makers means protecting the future of the organization. Do not put the personal assets of your leadership team at risk.
Insurance / Financial Lines
Directors and Officers (D&O)
Directors and Officers (D&O) Insurance safeguards the personal wealth of executives, managers, and decision makers within a company. It provides protection against claims arising from errors, omissions, or management acts that may cause financial loss to third parties, shareholders, employees, or regulatory authorities.
At NRGI Broker, we design D&O solutions tailored to your organization, considering its size, corporate structure, and specific legal and reputational exposure.
What Does D&O Insurance Cover?
- Management Liability: Civil liability for acts or omissions committed in an executive capacity.
- Legal Protection: Coverage for civil, labor, or administrative lawsuits.
- Defense Costs: Legal fees, attorney honorariums, and court bonds.
- Stakeholder Claims: Protection against claims from shareholders, employees, suppliers, or regulators.
- Management Errors: Coverage for mismanagement, negligence, or lack of supervision.
- Extended Protection: Coverage for former directors and board members.
- Talent Acquisition: A key requirement for attracting and retaining top executive talent.
- Claims-Made Basis: The policy is triggered when a claim is reported during the active period.
Who Needs This Insurance?
- Board members, partners, or shareholders with representative powers.
- General Directors, CFOs, COOs, and all C-Level executives.
- Managers or legal representatives with signing authority or decision-making power.
- Startups, SMEs, and large corporations with a formal corporate structure.
- Organizations participating in tenders, strategic alliances, or seeking external investment.
Basic Plan
- Civil liability for executive acts/omissions and claims from shareholders or third parties.
- Legal defense costs, including fees, bonds, and specialized counsel.
- Preventive legal assistance and continuous professional support.
Extended Plan (Includes all Basic benefits plus):
- Retroactive Coverage: Protection for former directors and past events.
- Regulatory & Global Reach: Coverage for employment practice claims, regulatory investigations, sanctions, and foreign legal proceedings.
- Crisis Management: Expenses for reputation damage control and public relations management
When Can Directors’ Personal Assets Be at Risk?
Personal wealth may be compromised in the following scenarios:
Policy Exclusions:
- Willful, fraudulent, or intentional criminal acts.
- Unjust enrichment or improper personal gain.
- Conscious violations of the law.
- Undisclosed conflicts of interest.
- Claims known prior to the policy’s effective date but not disclosed.
- Administrative Failures: If the company fails to pay the premium or renew the policy.
- Limit Exhaustion: When claim costs exceed the policy’s limits.
- Insured vs. Insured: Claims between individuals covered under the same policy.
Improper Notification: If a claim is not reported promptly or according to contract terms, coverage may be denied.
