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Overview

Risk Managers' increasing awareness of their management liabilities

Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves. This may result in claims against them for actual or alleged breach of duty, neglect, misstatements, errors and omissions.

Taking the pain out of investigation

There is a growing number of governing bodies or authorities who can investigate a company and today, more attention is being focused on smaller companies. Even if an individual is not yet personally under investigation, immediate expert legal guidance can help and perhaps, better manage the situation.

Shared responsibility

As directors and managers are jointly and severally liable, an error on the part of one can have financial and personal consequences for the others, who may have acted with propriety. Strong cover, that ring-fences the cover individuals can receive, can help build the confidence required to work together.

Directors and Officers Liability, the best possible defence

Investigations and court cases are time consuming and very expensive. Directors and Officers (D&O) insurance cover from AIG assures that our clients will have the highest quality legal representation and assistance from the first moment that an action commences. 

Challenging Regulatory Environment

In Thailand’s increasingly litigious business environment, companies and their directors and officers are subjected to more onerous duties and responsibilities, and face a growing risk of being the target of legal action as a result of the management and business decisions they take.

Increased supervision from the regulators and government authorities has motivated directors and officers to take a more active interest in their company's affairs.

In spite of this exposure, a significant number of directors and officers do not have adequate management liability insurance in place.

Who is it for?

Public and private companies, partnerships and not for profit entities.

Cover for all sizes and many types of company structure, from the largest multinationals to private companies, not for profits and partnerships.

What is covered?*

Protection for claims against directors, officers and senior employees for actual and alleged breach of duty, neglect, misstatements, errors and omissions.

Value-added loss reduction services like public relations consultancy assistance to help manage the fallout from a crisis.

*Note:

- This is not a contract of insurance. All benefits and coverages are subject to the policy terms, conditions and exclusions and to the limits indicated under the selected plan (if any).

- Please ensure you read carefully and understand the insurance coverages and conditions prior to making a decision.