The policy protects both the Individual and the company in relation to exposures associated with managing a company.
The policy is targeted at not-for-profits, private and public unlisted companies.
Claims Examples:
Directors sued over allegedly misleading statements to the public / shareholders as to the financial position of the company.
Regulatory authorities investigating and prosecuting Directors over the same statements.
Creditors and customers taking action against Directors for insolvent trading.
Employees bring claims against the Company and / or a Director or Officer for wrongful termination of employment, failure to employ, discrimination, harassment, and invasion of privacy.
Directors being sued/prosecuted for breaches by the company of OH&S legislation.
Directors and Officers being sued for alleged misuse of confidential or copyrighted information.
Directors being prosecuted for breaches of the Corporations Law.
Employee theft of money or securities.
