Project Description
DIRECTORS & OFFICERS INSURANCE
D&O
a property damage liability insurance
Perhaps the most famous recent example of how high claims can be made was the Kirch Group’s successful lawsuit against Deutsche Bank. The compensation achieved reached nearly one billion euros.To what extent the D & O insurance entered here, however, is not known. But even in much smaller disputes, the question of liability of corporate governance is increasingly called into question. As a result, demand for D & O insurance across all business units is increasing. It offers the responsible parties protection against complicated legal claims of third parties and also liability claims of their own company or association. These claims may be civil or criminal. The financial risks of such claims are often life-threatening.
D&O insurance is increasingly important for any type of company – not just large global players.
It basically provides protection for companies, clubs and associations to protect their managers – among others – against financial losses.
Claims brought against the decision-makers of such institutions can reach astonishing levels. Decision-makers need D&O insurance to fend off unjustified claims or cover payments where such are awarded.
Claims are often brought forward by apparently outsiders or shareholders. Even the company itself may turn against its own directors or officers. The financial consequences for involved individuals can be severe.
- Protection for the members of the operational and supervisory boards and their subsidiaries
- Extended reporting periods
- Unlimited retroactive insurance
- External mandates
- Cover for legal fees and court costs
- Compliance issues
- Failure to observe time bars
- Failure to present claims
- Selection of unqualified personnel for sensitive tasks
- Failure to protect against exchange rate risks
- Wrong IT selection
Iberia Insurance Brokers cooperates with insurance companies throughout Europe as well as Lloyd’s of London to provide the best and most economical solutions.
- This form of insurance protects the management team of a company from third-party claims. Claims can be made for a variety of reasons. Often it is about alleged wrong decisions or procedural errors and their costly consequences.
, more than just standard
At Iberia insurance brokers customers receive an Iberia Service+. But what does that mean? It’s very simple, our customers are worth a lot to us, and so we want to offer our customers more service through the standard insurance service. Service for which no one of our customers has to pay extra or has to conclude an extra contract – just our service for you.
, more than just standard- Selection of insurance from more than 10 different insurance companies
- 24/7 hotline – free – Spain wide
- personal consultation for the customer on spot
- Cost-benefit analysis of the pension schemes with optimization suggestions
- Advice in your language
D&O insurance is increasingly important for any type of company – not just large global players.
It basically provides protection for companies, clubs and associations to protect their managers – among others – against financial losses.
Claims brought against the decision-makers of such institutions can reach astonishing levels. Decision-makers need D&O insurance to fend off unjustified claims or cover payments where such are awarded.
Claims are often brought forward by apparently outsiders or shareholders. Even the company itself may turn against its own directors or officers. The financial consequences for involved individuals can be severe.
- Protection for the members of the operational and supervisory boards and their subsidiaries
- Extended reporting periods
- Unlimited retroactive insurance
- External mandates
- Cover for legal fees and court costs
- Compliance issues
- Failure to observe time bars
- Failure to present claims
- Selection of unqualified personnel for sensitive tasks
- Failure to protect against exchange rate risks
- Wrong IT selection
Iberia Insurance Brokers cooperates with insurance companies throughout Europe as well as Lloyd’s of London to provide the best and most economical solutions.
- This form of insurance protects the management team of a company from third-party claims. Claims can be made for a variety of reasons. Often it is about alleged wrong decisions or procedural errors and their costly consequences.
, more than just standard
At Iberia insurance brokers customers receive an Iberia Service+. But what does that mean? It’s very simple, our customers are worth a lot to us, and so we want to offer our customers more service through the standard insurance service. Service for which no one of our customers has to pay extra or has to conclude an extra contract – just our service for you.
- Selection of insurance from more than 10 different insurance companies
- 24/7 hotline – free – Spain wide
- personal consultation for the customer on spot
- Cost-benefit analysis of the pension schemes with optimization suggestions
- Advice in your language
Perhaps the most famous recent example of how high claims can be made was the Kirch Group’s successful lawsuit against Deutsche Bank. The compensation achieved reached nearly one billion euros.To what extent the D & O insurance entered here, however, is not known. But even in much smaller disputes, the question of liability of corporate governance is increasingly called into question. As a result, demand for D & O insurance across all business units is increasing. It offers the responsible parties protection against complicated legal claims of third parties and also liability claims of their own company or association. These claims may be civil or criminal. The financial risks of such claims are often life-threatening.
HOW can I have my present policies reviewed?
Iberia Insurance Brokers will carefully scrutinize any of your insurance policies without any cost to you. Our team will then generate alternatives from insurers such as Allianz, Liberty, Zurich, DKV, Sanitas, Mutua, etc., to provide you with a complete overview of your best options. We have representatives at your service all across Spain.
Ask now for tailormade proposals fitting your circumstances and needs:
+34 971 69 90 96 - Phone
+34 900 525 890 - Phone toll free 24/7
E-Mail: info@iberiainsurancebrokers.co.uk
We will also be pleased to arrange a personal meeting at our offices or a home visit anywhere in Spain.
