Directors And Officers Liability Insurance Thailand
Compare the best plans and rates for Directors and Officers Liability Insurance in Thailand with us.
What is Directors and Officers Liability Insurance ?
Directors and Officers Liability Insurance, or D&O for short is a crucial policyfor businesses to have in place to protect themselves from allegations made by external parties such as shareholders or customers.This insurance is particularly critical for directors and top-level executives, as they are at a higher risk of being accused of misconduct in the course of their duties.With this insurance,they can focus on operating the business instead of fretting over potential litigation.
The policy provides coverage for offenses that may have been committed by directors and executives, regardless of whether they were actually committed or just alleged. This can save a company from lengthy legal battles, which can be costly and time-consuming.All things considered, insurance for directors and officers liability is a sound investment for any enterprise that values its reputation and seeks to shield itself from potential legal dilemmas.
Who should buy Directors and Officers Liability Insurance ?
Medium to Large Size Businesses that have directors and officers who make strategic decisions on behalf of the company.
What does a Directors and Officers Liability Insurance policy cover ?
Coverage for legal liabilities resulting from wrongful acts or breaches of duty committed by directors and officers, which can lead to financial losses for the company or other parties.his insurance policy will assume responsibility for costs such as:
- Legal expenses
- Legal representation fees
- Damages
- Examination and payment of compensation to the claimant
- Security collateral expenses
- Crisis management expenses
- Compensation for seized assets
- Litigation expenses
- Public relations expenses
- Expenses related to repatriation for legal proceedings
- Losses arising from fines and penalties in civil cases
How much does a Directors and Officers Liability Insurance policy cost ?
The premium rates for Directors and Officers Liability Insurance are mainly determined by the following factors.
- Insured Amount
- Loss Experience
- Business Size
- Location
- Indusry Type
Interested in purchasing Directors and Officers Liability Insurance policy ?
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Why do you need to buy Directors and Officers Liability Insurance via us ?
Get offers (plans and pricing) from different insurance companies in one place, without the hassle of contacting each company individually. With our expertise, we know exactly which companies you need for your insurance requirements.
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We are experts with over 20 years of experience serving over 1M+ policies issued worldwide across a variety of industries including travel and tourism, retail, and hospitality to name a few.
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Customer service is our core value since our founding. Having our roots in the direct insurance broker business we have never strayed from our excellence in customer service.
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All our services are underwrite by leading insurance companies and are up to the industry standards offering even more than traditional comprehensive insurance plans. All protection is complying with all laws , regulations, and compliance.
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We work closely with businesses to understand their unique insurance requirements and identify areas where savings can be made. We offer a range of services, including policy analysis, risk assessment, and coverage review, to ensure that businesses are getting the most value from their insurance policies.
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