Discover the benefits of Administrators and Directors Liability Insurance

Nowadays, the decisions made by company executives have an increasing impact on employees, suppliers and even on the financial stability of the company. Thanks to the Directors and Officers Liability Insurance, both profiles will be able to face any mistake or negligence without putting their personal assets at risk. As long as they can prove that they have not acted intentionally against the company, this policy will guarantee them peace of mind and full security, helping them to focus all their energies on the management and growth of the business.

At CINC Insurance Brokerage, we make it easy for you to take out Administrators and Directors Liability Insurance with one of the best companies in the market. Below, we provide you with more information about this type of insurance.

• The instability of our societies can unexpectedly lead to situations of economic crisis.
• With the passage of time, the number of complaints and claims received by administrators or managers has increased considerably due to the new legislation on free speech.
• The companies most often involved in insolvency proceedings are SMEs.

What are the advantages of Directors and Administrators Liability Insurance?

• It advances the defense costs of the insured in criminal proceedings until the existence of a crime is judicially determined, excluding cases of fraud or bad faith.
• It assumes the claims of the Tax Agency against the administrators or directors in the event that the company has not complied with its tax obligations.
• It covers claims related to labor practices such as harassment, discrimination, mobbing and denial of promotion, extending coverage to any employee of the insured company.
• It provides civil bonds to guarantee compliance with civil liabilities and criminal bonds to ensure provisional release in criminal proceedings.
• It reimburses the insured company for financial losses affecting third parties when the company indemnifies an insured for a claim filed during the coverage period.

Want to know more? Do not hesitate to contact our team at CINC Insurance Brokerage.