The Directors and Officers insurance policy provides insurance cover for directors and officers in the event of a claim, resulting from a financial loss, made against them because of a breach of duty. In the event of a claim, HDI determines what is covered, who is liable and who pays compensation for justified claims.
HDI Directors and Officers Insurance covers decision-makers against statutory liability claims by third-parties and by their own companies.
Corporate leaders are provided with substantial support in the event of a claim. As far as claims for damages by an executive’s own company are concerned, a reversal of the burden of proof applies to the question of liability. That means that the corporate leader must prove that he/she has not breached their obligations.