What is Directors and Officers Liability Insurance?
It provides financial protection to the directors and officers in the event they are personally sued for wrongful acts committed during the performance of their duties. This policy covers legal fees, settlement and judgment awarded.
Product information
Plan overview
- Plan term
- Annual renewal
- Premium
- Contact us for a quote
The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).
Why Directors
and Officers Liability
Insurance?
Benefits at a glance.
The Policy:
Protects you, as a director and officer of your company against any Wrongful Act actual or alleged to have been committed whilst acting in your capacity of Director, Officer or Employee of the Company during policy period.
Key coverage
Here is an overview of your coverage
We will pay on:
- Your behalf all Loss resulting from a claim first made during the policy period against you for a wrongful act except for and to the extent that your company has indemnified you and is legally required or permitted to indemnify you under applicable laws.
- Behalf of your company all Loss resulting from claim first made during the policy period against you for a wrongful act to the extent the your company has indemnified you and is legally required or permitted to indemnify you under applicable laws.
- Your behalf all Legal Representation Expenses in respect of an investigation, except for and to extent your company has indemnified you and is legally required or permitted to indemnify you under applicable laws.
- Behalf of your company all Legal Representation Expenses in respect of an investigation, to the extent that your company has indemnified you and is legally required or permitted to pay you as advancement or indemnity under applicable laws.
How much is my premium?
Your premium may vary, depending on
- Risk exposure
- Our underwriting requirements
What we
don’t cover
✖Intentionally illegal acts
✖Dishonesty of employees
✖Any personal profit or advantage gained by an Insured to such Insured was not legally entitled
✖Pollution
✖Any pending or prior litigation or proceeding
✖Any fact, circumstances, act, omission, claim, wrongful act
✖Asbestos
✖War
✖Terrorism
Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important information
This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 1 September 2018.
Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy and at all times, feel free to contact us for more information.
Have a question? Speak to us today
Our Customer Service Personnel are ready to answer your enquiries and provide assistance.
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Directors and Officers Liability Insurance
Protects the personal assets of corporate directors and officers from lawsuits.
Disclaimer
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