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D&O Liability Insurance

  • 1. Product Overview
    This is Insurance that compensates for losses incurred by a company officer in the course of performing his or her duties as a result of wrongful, negligence, or mistakes resulting in the Company and 3rd parties being responsible for legal Liability In addition to the liability that the individual officer bears against the shareholder or the 3rd party, the Company shall compensate for the loss of such officer to the amount incurred by the Company.
  • 2. The need to buy this Insurance

    - Creating an environment in which corporate officers are held responsible for mismanagement

    - Increase in shareholder representation litigation due to the expansion of the stake of foreign investors

    - Proliferation of the Finding Rights Movement of Small Shareholders

    - Introduction of class action lawsuits and sole proprietorship

    - Proliferation of the external director system

  • 3. Company Who needs this policy
    Publicly traded or privately held company (corporation)
  • 4. Main covered Risk
    A claim for damages which is filed against the Company due to the conduct (including omission) performed by the officers of the Company within their respective qualifications,. And the Company shall compensate for the damages suffered by the liability of the Company under the law.
    This Insurance compensate for expenses such as attorneys' fees and various litigation expenses necessary for legal response.
    If the Loss Amount can be reimbursed by a 3rd party, the subrogation rights preservation fee paid for the preservation and exercise of the rights shall be compensated.