D&O (directors and officers)

Are you a business manager or director? Are you looking to protect yourself against possible damages caused to third parties during your operations?

At ASSAP we have designed a specific insurance policy for directors and managers that protects your personal assets against possible claims from creditors, shareholders or employees for incorrect acts in the exercise of your position.

With this coverage, you can be confident that in the event of incidents related to the operations of your business, you have solid and reliable support.

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What is directors and officers insurance?

Directors and managers insurance offers protection to the personal assets of these professionals against claims for management actions. It covers civil, legal and financial liabilities, and includes court costs and compensation. It extends protection to personal and family assets, and ensures comprehensive support both at the corporate and personal level.

What does D&O (directors and officers) cover?

Coverages included

With and without deductible *

Civil liability for exploitation

In the event of civil claims, the company will be responsible for any compensation for which the insured is found liable. In addition, the policy covers the legal costs that may arise from any legal proceedings linked to this liability.

Professional civil liability

Guarantees payment by the company of any compensation for which the insured is civilly liable, as well as any legal costs resulting from any lawsuits required of the insured. Intended for liberal professions (health professionals, lawyers).

Coverage of personal assets, those of the partner, heirs and legal representatives

It provides comprehensive protection to the insured’s personal assets against potential legal implications arising from their decisions. In addition, it is extended to cover the assets of their partner, heirs and legal representatives, and ensures the peace and protection of their legacy and family in any legal circumstance.

Coverage for the different figures of society

It provides specialized protection to all key figures in the company, including the director, administrators, subsidiary companies, secretary and vice-secretary, among others, and guarantees security and comprehensive support in the event of legal contingencies in the corporate sphere.

Legal assistance

It covers costs, legal fees and expenses necessary for the director or manager to establish his or her defense and representation in the legal field in the event of a claim.

Extension of coverage beyond maturity

This coverage ensures that even after the original policy has expired, the insured will still be protected for a set period. This is especially relevant for claims that may arise after the policy has expired, but are related to events that occurred while the policy was in force.

Additional coverages

Complaint for labor practices

Provides coverage against claims for inappropriate employment practices. Whether it is due to allegations of workplace or sexual harassment, cases of dismissal deemed unfair, or situations of discrimination, this coverage provides the peace of mind and financial support necessary to face these legal challenges.

Advertising expenses

Protect your image and that of your company after a lawsuit. Cover the costs associated with the design and launch of advertising campaigns, with the support of leading marketing and communications agencies, and ensure the restoration and strengthening of your reputation at critical times.

Employee infidelity

Provides financial support against dishonest acts by an employee and guarantees the stability of your business in the event of internal irregularities.

Civil or criminal bail bonds

It covers all bonds, guarantees or sureties that may arise in both civil and criminal proceedings and ensures that your financial responsibilities and the operation of the business are covered in the event of any legal requirement.

Pollution

Protects against claims for environmental incidents linked to the company. It covers legal and financial liabilities arising from ecological damage or impacts on public health and ensures a solid and effective response in critical situations.

Loss of documents

It protects against the eventuality of loss, damage or destruction of essential documents and ensures financial and legal support for the recovery and restoration of documentation, thereby minimizing risks and guaranteeing the operational continuity of the company.

* Coverage and services are subject to the terms and conditions applicable to your insurance. This section has no contractual value.