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Who is covered by Allianz’s D & O insurance?

QuestionsCategory: Directors & Officers Liability InsuranceWho is covered by Allianz’s D & O insurance?
default avatarPlan Cover Staff asked 3 years ago
1 Answers

Best Answer

default avatarSrinivasan Mahadevan answered 3 years ago
Directors and officers are bound by duty towards various stakeholders — shareholders, employees, creditors, customers, competitors, government and other regulatory bodies. Any breach or non-performance in the duties can result in claims against them by reason of any wrongful act, actual or alleged, in their respective capacities. 
Allianz’s D&O Insurance covers current, future and past directors, as well as non-executive directors, subsidiaries, and officers of a company.