Insurance against the liability of board members, etc.

According to the Law on Business Companies, all company bodies (management and supervisory board) are obliged to act with the attention of a good expert – professional, because they are responsible for the company’s operations.

However, day-to-day business carries the risk of unintentional business decisions that may result in compensation claims directed against the responsible persons of the company.

Liability insurance policy for members of the board and directors (D&O) provides insurance protection and covers defense costs, amounts awarded by a competent court as compensation and costs, amounts awarded by a competent court or authority for violations of the law and dependent costs, administrative and misdemeanor penalties , discretionary with the prior written consent of the insurer and others.