Protection of the property interests of Directors

Protection of the property interests of the Company

Resource for compensation of damage to shareholders, the Company and other persons.

WHAT DOES THE INSURER PAY UNDER THE POLICY D&O

  • Expenses of the Director for payment of compensation to other persons, unless these amounts are obligated to be paid by the Company (the so-called "non-refundable loss")

  • Expenses of the Company for the payment of compensation to other persons, if it is obliged to reimburse these amounts to the Director or for him (the so-called "recoverable loss")

  • Expenses for the protection of the rights of the Director (payment of services of external experts, lawyers, etc.)

  • Expenses for representation and protection of the Director's rights (payment of services of external experts, lawyers, etc.) in case if an administrative, criminal, regulatory investigation or other procedural actions have been initiated against him and his appearance is required.

  • Additionally – coverage of the securities claims:

  • Expenses of the Company for the payment of amounts that it is obliged to reimburse to other persons on the basis of claims for compensation in connection with the violation of security law.

  • Expenses of protecting the rights of the Company in the event that such claims are made to it.

The Company and the Director may be liable for damages resulting from violation of the securities laws, and it is very difficult to divide the amount of compensation between the Company and the Director.

The solution - insurance for the Securities Claims applies to both the Director and the Company.

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