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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Property Risks
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Employee Risks
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Claim
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Renewal
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General
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