Directors and Officers, as defined in the New Companies Act, are personally exposed to claims arising from breaches, errors or omissions, breach of duties, failure to act with a duty of care.
The policy will provide cover for:
Breach of fiduciary duties, failure to act with a duty of care.
Damages measured against the failure to act with reasonable care and skill.
Violations of duties as prescribed in terms of the prevailing legislation.
The policy is designed to cover past, present and future directors, officers, prescribed officers and employees acting in a managerial or supervisory capacity. Cover may include awards and legal costs.