This policy covers personal legal liability of Directors and Officers of a company resulting from wrongful act while working with the company.

Employees acting in a managerial / supervisory category are considered to be Officers and their acts would also be covered under this policy. Directors and Officers can be subject to law suits resulting from failure to properly execute their duties and such law suits can be due to allegations of power abuse, mismanagement, etc. The law suit is instituted against a director in his personal capacity and their personal liability is unlimited. Such law suits can be filed by stakeholders like shareholders, competitors, customers, creditors, financial institutions, regulators, employees etc…

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