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Directors and Officers Liability: When an insurance policy becomes a recruitment tool
READ IT NOWManagement Liabilities
Helping directors face the future and conduct business with confidence
Directors and Officers Liability: When an insurance policy becomes a recruitment tool
READ IT NOWAdministrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual or alleged breach of duty, neglect, misstatements, errors and omissions.
There is a growing number of governing bodies or authorities who can investigate a company and today, more attention is being focused on smaller companies. Even if an individual is not yet personally under investigation, immediate expert legal guidance can help and perhaps, better manage the situation.
As directors and managers are jointly and severally liable, an error on the part of one can have financial and personal consequences for the others, who may have acted with propriety. Strong cover, that ring-fences the cover individuals can receive, can help build the confidence required to work together.
In Malaysia's increasingly litigious business environment, companies and their directors and officers are subjected to more onerous duties and responsibilities, and face a growing risk of being the target of legal action as a result of the management and business decisions they take.
Increased supervision from the regulators and government authorities and potential litigation from breaches of the Securities and Futures have motivated directors and officers to take a more active interest in their company's affairs.
In spite of this exposure, a significant number of directors and officers do not have adequate management liability insurance in place.
Investigations and court cases are time consuming and very expensive. Directors and Officers (D&O) insurance cover from AIG assures that our clients will have the highest quality legal representation and assistance from the first moment that an action commences. This is our best-ever suite of management liability insurance solutions, designed from scratch to meet the needs of our business partners in Asia.
Public and private companies, partnerships and not for profit entities.
Customised for medium to large size and/or listed companies.
Market Leading Coverage:
A standalone policy that serves to protect companies, directors, and officers from claims arising from a company’s capital raising.
In any initial public offering or private placement, errors or omissions in a prospectus, offers information statement or profile statement can put the issuing organisation and the directors and officers involved, at risk. They should be protected against damages awarded against or settlements negotiated with the insured, including costs of defending such suits, legal costs and expenses awarded.
Small and Medium Size Enterprises
Coverage Highlights:
PrivateEdge reimburses the Company, its directors or officers for the loss resulting from any claim alleging a wrongful act. The coverage highlights are as follows:
Management and Corporate Liability Cover
Extensions:
Indemnity Limits:
A quotation can be provided to clients with total asset size less than RM50m on site with the completion of the Quick Application Form. Higher limit of liability options and / or clients with total asset size more than RM50m are also available on request.
Not-For-Profit Entities, Association
Coverage Highlights:
PrivateEdge (Not-For-Profit) provides a comprehensive coverage for Not-For-Profit entities, reimburses the Not-For-Profit Entities, its directors or officers, or committee members for the loss resulting from any claim alleging a wrongful act. The coverage highlights are as follows:
Management and Corporate Liability
Professional Liability Cover
Extensions
Indemnity Limits:
A quotation can be provided to clients with total asset size less than RM50m on site with the completion of the Quick Application Form. Higher limit of liability options and / or clients with total asset size more than RM50m are also available on request.