responsible leadership

Claims for damages against management due to management errors have increased significantly. Prominent cases in which top managers such as Rolf Breuer, Peter Hartz and Josef Ackermann have had to justify their actions before a court are regularly reported in the daily press. But managers of medium-sized enterprises are also often increasingly called to account for alleged mistakes within their businesses. They have unlimited personal liability for their actions. New laws, guidelines and recent decisions by the courts have primarily contributed to this.

A Directors & Officers policy covers claims for damages brought against managers in the context of internal liability (within the company) and in the context of external liability (for claims from third parties). All former, present and future members of the company’s executive management, board of directors, supervisory board and advisory board are covered. The policy wards off unfounded claims and complies with valid ones. In the event of a legal dispute, the attorney’s fees and court costs are also covered.