Directors and Officers Liability (D&O) Insurance
One of the most discussed and least understood insurance products is Directors & Officers Liability (D&O) insurance.
Directors and Officers insurance policies offer liability cover for company managers to protect them from potential claims which might arise from the decisions and actions taken within the scope of their regular tasks and responsibilities. Such policies typically cover the liability of the Company’s Directors and Officers as individuals as well as the reimbursement of the Company in case it has paid third party claims on behalf of its managers in order to protect them.
Medical Malpractice Insurance policies provide legal liability for claims made against healthcare professionals as well as institutions, arising out of the provision of medical services.
These policies would typically cover bodily injury, mental injury, death, illness or disease caused to any patient as well as the cost of defending lawsuits related to such claims. Premiums are normally based on the professional’s speciality.
Products Liability Insurance is a specialised product covering you against negligence which might result in either Third Party Property Damage or Third Party bodily injury, from a product that you are either manufacturing or selling.
Kidnap and Ransom
Globalisation has made the world a much smaller place. Many developing nations are experiencing fast growth which is also leading to a huge increase of both leisure and business travel to all corners of the globe, including high risk areas.
Typical clients for such insurance cover would include high net worth business men, celebrities, politicians or even contractors working in high risk remote areas.
This specialised insurance product would typically offer cover for a potential ransom pay-out but it would also