Directors & Officers Liability

Summary

Covers directors and officers of the institution against claims made against them for their wrongful acts or reimburses the institution where it indemnifies the directors and officers for claims against them.

  • Risk Covered
    • Position of trust
    • Negligent Advice or misstatement/Unauthorized payments
    • Unavoidable conflicts of interest
    • Errors of judgment
  • Key Points
    • Peace of mind for directors and officers to concentrate on their duties.

  • Information Required
    • Profile of Directors & Officers
    • Profile of the Bank
    • Necessary Internal Documents
    • Bank statements, Balance sheets

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