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Question:

What is Directors & Officers (D&O) Liability Insurance, and is it a legal requirement?

Answer

Directors and Officers (D&O) Liability Insurance protects executives from personal liability that may arise from their decisions while managing a business. Although it is not legally required in the UAE, many companies consider it essential for effective risk management.

Here's why D&O coverage matters: 

  • Covers legal defence costs for alleged mismanagement or negligence.
  • Protects the personal assets of directors and officers.
  • It helps attract qualified leadership to your Business.
  • Boosts investor and shareholder confidence.
  • Covers claims made by employees, regulators, or stakeholders.

Click here to get a quote, connect with our Business insurance experts, and find the perfect plan for your Business

 

 

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