Director and Officers Liability Policy Extension ~ Insurance Academy

The Directors and Officers Liability policy guarantees claims made by other parties because the Director or the person who makes managerial decisions is considered wrong in making decisions.

There are several extensions of the Directors and Officers Liability Policy:

• No “Hammer Clause”
• Guaranteed Pollution Defense Cost
• Guarantee for shareholder claims on behalf of the company related to pollution (Shareholder Pollution Derivative Action)
• Guarantee for the Company on claims of securities (Entity Security) — this is part of Side C
• Guarantee for the Company on employment claims (Entity Employment Practice Liability) –> is a lawsuit related to employment, for example: recruiting, dismissal, promotion, discrimination, racism, hiring, etc. — this is part of Side C
• Future Offering (Future Offering)
• Assistance in official investigations & examinations
• Guarantee for the position of directors in a Business Entity outside the Company (Outside directorship)
• Subsidiary Auto Guarantee
• Retired Director
• Guaranteed defense costs for claims related to occupational safety & health