DIRECTORS & OFFICERS LIABILITY INSURANCE CLAIMS FORMS

The following are examples of different claims that have been made and paid under a D & O policy:

Claims From Regulatory Authorities

Health and safety in the workplace, statutory accounting and tax provisions, compliance with governmental and regulatory authority requirements; in the modern business world, more and more professional corporate governance is expected of individual company directors. ITIC’s D&O policy includes legal costs coverage to help respond to regulatory inquiry.

A company director received a letter from the governmental authority responsible for overseeing the annual registration of his company accounts.This suggested he had submitted incorrect information and a fine was likely. An inquiry began. With the agreement of D&O underwriters, assistance was provided by a firm of consultants to show that no such breach of regulations had occurred.