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Whether you’re at the head of a non-profit organization or a large company, you could be sued personally. This is why protecting yourself is essential.
As a company director or officer, you can be held personally responsible for acts or omissions committed in the discharge of your duties or for losing or mismanaging corporate assets.
Consider all the lawsuits, unjustified dismissals and financial problems that stem from mergers and acquisitions, transfers, sales and corporate reorganizations.
In order to help you better understand your responsibilities and the risks to which you are exposed as a company director or officer, we encourage you to read the guide “Identifying and Managing the Risks of Corporate Directorship”.
With so much to lose, our directors and officers liability is a policy you can’t do without.
AXA offers specific directors and officers liability insurance for:
Many of these products also protect the company.
AXA covers compensatory damages stemming from wrongful acts committed by company directors and officers in the discharge of their duties, i.e.: errors and omissions, negligence, breach of duty, false statements, other acts actually or allegedly committed by said directors and officers, and other claims made against them in their capacity as administrators or officers.
During the term of the policy, this coverage applies to former directors and officers and to all directors and officers appointed after the policy takes effect for acts committed in the discharge of their duties.
AXA’s directors and officers liability insurance covers claims reported during the policy period. Coverage also extends to prior acts.
As such, you are subject to certain obligations and responsibilities that expose you to possible legal action that may jeopardize your financial security or that of your company. Why take such a risk?
Get adequate protection with CORPORUM, our multi-solution line for corporations.
Choose the method that suits you best
Pay your insurance in one payment or with automatic debits, whatever works best for you!
To obtain an insurance policy or get more information, please contact an AXA broker in your area.Find a broker
Certain conditions may apply to the offers described above. Details of the coverage are subject to the conditions and limitations of the contract of insurance. For complete details, please speak to your broker.
Let us help you find expert help in your area.
Dealing with a Broker or an advisor
There are several advantages to dealing with insurance brokers. Bear in mind that they are specially trained, are licensed, and have an excellent understanding of insurance. That means they are perfectly positioned to offer a host of insurance products tailor-made for your needs.
Fees and expenses incurred by lawsuits
Your company's activities, products and work, and the incidents that occur on its premises can give rise to personal liability lawsuits for personal and property damage and a range of other damages. Compensation stemming from these legal proceedings is often quite high and can put your company's financial stability in jeopardy. It's important, therefore, to make sure you have the protection you need.
Your company's rights and obligations
Every day, your company is subject to a variety of laws and regulations. In all things legal, information and prevention will spare you from worries and steep legal fees. For any legal questions on your company's activities, you and your representatives can turn to our legal assistance hotline.