Directors & Officers
The main reason for this insurance is the protection for Directors' & Officers' potential liability to be personally liable for damages. The demands and requirements on Directors & Officers tend to increase over time.
This group of people can be held liable under Swedish and foreign law as well as based on inadequate and false reporting, breach of public orders, bancruptcy and insolvency situations and wrongful handling of personal data. Claims can be raised by the company itself, shareholders, debt owners and employees.
The damages can be very high and are are normally not covered by the General Liability insurance. A D&O insurance covers as well costs incurred due to trial proceedings.