Directors and Officers Liability Insurance

SME Insurance in Zaragoza

Protection for Company Decision-Makers

As an Administrator of your company, your personal assets may be at risk in the event of claims arising from acts contrary to the Law, the Articles of Association, or negligence in the performance of your duties. At Agencia Liria, our professionals advise you on the coverage of DIRECTORS AND OFFICERS LIABILITY INSURANCE.

Key Duties of Administrators

Duty of Diligent Administration: Perform the role with the diligence of an orderly businessperson, keeping yourself diligently informed about the company’s operations.

Duty of Loyalty: Loyally represent the interests of the company, fulfilling the duties imposed by laws and articles of association.

Prohibitions: Do not use the company’s name, compete with it, or take advantage of business opportunities without disclosure.

Conflicts of Interest: Communicate situations of conflict of interest to the Board, refrain from involvement, and disclose participation in other companies.

What Can Directors and Officers Liability Insurance Cover?

Defense Costs

Administrative Penalties

Legal Representation Costs

Insolvency Liability

Civil Bonds

Insolvency Bond Costs

Criminal Bond Costs

Subsidiary Tax Liability

Employment Practices Claims

Competition Defense Inspection Costs

Asset Deprivation Costs

Subsidiary Directors and Officers Liability

Affiliated Company Directors and Officers Liability

Preventive Attachment Bond Costs

How Can Directors and Officers Liability Insurance Help You?

You make decisions that result in financial losses for the company.
Without insurance, you could face lawsuits that compromise your personal assets. With insurance, your personal assets are protected.
You face a lawsuit for alleged management irregularities.
The insurance covers the costs of specialized lawyers, ensuring you have competent legal representation.
You need legal representation during an investigation.
The insurance covers attorney fees, allowing you to have appropriate counsel without worrying about costs.
You are accused of irregular conduct and a bond is required.
The insurance provides the necessary funds for the bond, ensuring your release while the situation is resolved.
An employee files an employment lawsuit.
The insurance covers legal expenses and potential compensation, protecting you from significant financial impact.
You find yourself in a conflict of interest situation.
The insurance provides legal advice to properly manage communication to the Board and necessary actions.
You are subject to administrative penalties.
The insurance covers associated costs, allowing you to address these penalties without affecting your financial stability.
You face claims in insolvency proceedings.
The insurance provides legal advice and covers expenses associated with claims, protecting your interests.
You face a tax inspection.
The insurance covers legal expenses and potential tax liabilities, providing peace of mind and support.

Our objective is to ensure comprehensive protection for administrators and directors, covering a wide range of situations and potential risks.

Contact

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