Directors and officers liability
This is the insurance of financial risks (liability) of board members and management. Directors' and officers' liability insurance covers the expenses of directors that have arisen in connection with the presentation of a claim against the director for their erroneous actions, or compensates for the company's expenses reimbursed by the company to the directors.
This type of insurance provides protection of the company against lawsuits issued to directors and officials or issued to the company itself from the state, shareholders, employees and other third parties (including customers of competitors and others).
