The Directors’ And Officers’ Liability Insurance is designed to indemnify the Insured for the amount that he becomes legally bound to pay for claims made against him for wrongful acts committed during the period of Insurance.
The Directors’ And Officers’ part covers any negligence, default, breach of duty or breach of trust in relation to the company.
The Company Reimbursement part covers against the claims payments and defence costs which is legally obligated and permitted to reimburse its Directors or Officers for any claims made against them arising out of their wrongful acts.
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