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Liability ProtectionLiability for Directors and Officers
Top protection for your top people
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.
Why opt for liability insurance for directors
and officers?
To top
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.
Eligible categories
To topAXA offers specific directors and officers liability insurance for:
- Corporations.
- Educational institutions.
- Risk capital organizations.
- Non-profit organizations (NPOs).
- Pension and benefit plans.
- Job practices.
- Small businesses.
Many of these products also protect the company.
Liability insurance coverage for directors
and officers
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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.
You are the owner, director, or executive of a corporation?
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.
Payment Solutions
To topChoose the method that suits you best
Pay your insurance in one payment or with automatic debits, whatever works best for you!
Contact a professional
To obtain an insurance policy or get more information, please contact an AXA broker in your area.
Find a brokerCertain 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.
Find a Broker
or Advisor
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