Directors & Officers Liability

Directors & Officers Liability provides financial protection for the directors and Officers of your company in the event they are sued in conjunction with the Performance of their duties as they relate to the company. Most allegations involve decisions, acts that have lowered stock values, compromised competitive industry position, wasted corporate assets or overlooked significant growth or investment opportunities.

Having Pioneered D&O Liability Insurance in the USA, the AIG Companies are today the preferred underwriter of D &O insurance among Fortune 500 companies. The AIG Companies inherent strengths available to the Sri Lankan industry through HAIG include:

• Superior claims handling ability
• Expertise in foreign jurisdictions where claims may arise

With the changes proposed to the Companies Act in Sri Lanka The Directors and Offices are more vulnerable to shareholder derivative claims, and sexual harassment and discrimination allegations. Claims alleging violation of employment practices are increasing in frequency and severity, as are governmental investigations. Cases relating to accounting irregularities and increased exposure as a result of mergers and acquisitions are also on the rise.

The Directors and Offices Policy offered by the HAIG is fully equipped to meet all the challenges faced by the Directors and offices today and tomorrow.

Note: Terms and conditions Apply