This particular category of insurance has become more and more necessary in recent years, as its necessity has been recognized both on a professional and on an individual level. In recent years it has been observed that compulsory liability insurance, whether it is professional or civil, it is spreading increasingly. Through the liability insurance programs we have available, we can cover all your needs.

This Insurance policy is addressed to Directors and Officers of a company and protects them in terms of their possible personal liability in the event of financial damage to third parties, as a result of wrongful actions they have taken in their capacity as Directors or Officers of the Company.

Basic Coverage
The basic coverage of the Insurance Policy includes:

• The personal legal responsibility of the Directors and Officials of the company for the payment of compensation to physical and/or legal persons who have suffered financial loss as a result of wrongful acts and/or omissions in their capacity as Directors and Officials. Coverage includes defence costs and other related expenses approved by the company.
• The loss of the company itself for payment of compensation to physical and/or legal persons who have suffered financial loss as a result of wrongful acts and/or omissions committed by the Directors and Officers in their capacity, provided and to the extent that the company is obliged or permitted to indemnify its Directors and Officers, in accordance with applicable law and its founding and statutes.
• For former, current and future Directors and Officers, the coverage is offered on the basis of claims arising or submitted during the Period of Insurance.

Optional coverages:

• Automatic Coverage for new affiliates.
• Appointment of Directors to external Boards of Directors.
• Extension of claim submission period in case of non-renewal of the Insurance Policy.
• Coverage to the company for claims arising from employees (unfair discrimination, sexual harassment, failure to provide fair opportunities or benefits).

Exceptions:
The Policy is subject to exclusions, some of which are:

• War risks.
• Terrorist acts.
• Nuclear radiation, environmental pollution.
• Cyber Risk.
• Illegal and dishonest and fraudulent acts.
• Pending claims and/or legal proceedings that were declared/initiated before the commencement of the Policy.
• Body damage and property damage to third parties.
• Claims concerning negligent acts or omissions from professional activities of the insured.
• Management of Provident Funds.
• Invitation to the public to buy shares.