Insurance coverage intended to protect individuals from personal losses in the event that they are under threat of legal prosecution as a result of serving as a director or an officer of a business. This applies to both profit organisations and non-profit organisations for losses or reimbursement of defence costs if a legal action is brought against them.
Cover can be extended to include Corporate Legal Liability for claims made against the organisation either separately or jointly with the director. Cover can also be extended to include Employment Practices Liability to cover for any financial consequences in defence of claims for any employment-related lawsuits.
Covers a wide range of different companies – from shop owners to investment fund managers, covering the following claims examples:
- Claims by investors or other shareholders (including other directors) making an accusation of wrongdoing or a dispute
- Defence costs and awards of claims arising from your personal involvement with the administration of any company pension
- Defence costs, compensation, and fines payable as a result of a health and safety claim from an injured employee
We moved to Reich Insurance 3 years ago which has turned out to be a great decision for the RMS Group.
Reich is lead from the top by Simon Taylor with a superb team of generals working alongside him who have ensured the RMS business, its directors, management and staff are in safe, professional and reliable hands covering all our business and personal requirements across the globe - a seamless, proactive company to be working with.
Tyrone Farber, Group CEO, RMS International