Directors and Officers (Insured Persons) of a company have several duties and liabilities imposed on them when they carry out their duties in managing the company. This policy pays on behalf of the Directors and Officers for any wrongful acts in the course of carrying out their various duties for the company.
This policy has two insuring contracts:
- The Directors & Officers Contract – Indemnity is provided to the Directors and Officers (Insured Persons) of your company
- Company Reimbursement Contract – Cover will be triggered when a Director or an Officer who has incurred a loss seeks
reimbursement from your Company. The Company then can call for the policy to reimburse the amount that has been
compensated to the Director or Officer
In addition, the D&O policy can be extended to cover the entity or organization for employment practice claims and securities claims Extension. Please note that the extensions are offered as sub-limits to the D&O policy.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Berjaya Sompo Insurance Berhad or PIDM (visit www.pidm.gov.my)
Major Exclusions
This Policy does not cover any liability arising out of :
- Fraud, Dishonesty, Criminal or Malicious Act
- Bodily Injury
- War, Terrorism and Nuclear Risks
- Asbestos and Pollution
- Fines, penalties, punitive damages awarded by a court of law
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
