Executive insurance
Protection in the event of wrong decisions
Management positions in companies of all sizes are exposed to enormous responsibility. Increasingly complex processes and operational contexts increase the risk of making mistakes.
Managing directors, supervisory board members or board members are then liable without limitation with their entire private assets, but executives, compliance officers and general agents can also be held accountable if they cause damage to their company or third parties. Directors & Officers (D&O) insurance offers protection against such liability cases. It is roughly equivalent to financial loss liability insurance. D&O insurance from Nürnberger Versicherung, for example, protects the insured person against claims from third parties (external liability) and claims from the company itself (internal liability) in the event of a breach of the duty of care. Excluded are, for example, damages caused by intentional acts and deliberate breaches of duty.
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