Liability insurance for executives is a prerequisite for hiring the best people in key business positions and providing them with the peace of mind they need to meet their professional responsibilities.
Holding a position of trust within a company means answering to the law for your acts and omissions. Making a wrong decision or being guilty of a breach of an obligation may lead to an answer for your private assets, for example in the event of:
- Bad investment decisions
- Failure to comply with a new law
- Establishment of erroneous data as part of a tender procedure.
The insurance covers administrators, managers, and employees assuming management tasks against legal liability actions brought by third parties (customers, legal authorities, etc.) and by their own companies (shareholders, employees, etc.).