DIRECTORS & OFFICERS 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.