Directors and Officers Liability Insurance
There are good reasons to consider Directors & Officers Liability Insurance from AIG
Protects directors and officers from claims that may arise from decisions and actions taken within the scope of their official capacities.
Indemnifies the company for amounts it is entitled to pay to any directors or officers as indemnification for costs and expenses incurred in successfully defending legal action.
- Employment practices claims
- Shareholders derivative actions
- Liquidator/receiver actions (direct or derivative)
Any claim initiated by former director, officer or employee.
- Companies which are domiciled in Kenya (but the company might be operating abroad)
- Companies (and their subsidiaries) which are not listed on any stock exchange
- Companies which have been in continuous operation for at least three years
- Companies with total gross annual revenues of up to Kshs. 500 million
- Companies which are not a financial institution, a pharmaceutical, a bio-technology or an information
technology/services company - Companies which are not aware of any past claims against the directors or officers within the last 5 years
- Companies which are not aware of any circumstances that could give rise to a claim
- Companies which do not currently have this cover with AIG.