How You Can Insure Directors and Officers Liability in Workplace
Every company has managers, officers and directors who are vulnerable to external risks of claims incurred due to certain decisions undertaken in that position that may not go down well with the related parties relevant to the business. These related parties may include the vendors, customers, employees, contractors, and sub-contractors.
Also, there are chances that the company or some of its directors may be duped for various reasons like misrepresentation of company assets, fraud, not following the work ethics or misrepresentation of funds or breach of contracts.
How do you bear such costs that may go into saving the company's reputation in the long-run? For such a situation, a business organisation needs to avail Directors and Officers liability insurance policy. The top managers...