Don’t let the fear of liability hold your company’s top decision-makers or leaders back in today’s litigious business landscape. Empower them to drive success with the GoldStar Insurance Company Limited’s Directors and Officers Liability policy.

As a Ugandan business owner, navigating the corporate world’s intricacies can be challenging. Even the most careful decision-makers can find themselves in difficult situations because of alleged “wrongful acts” made in the course of their duties.

Our Directors and Officers Liability coverage is designed to protect individuals serving as directors and officers of a company against personal losses because of legal actions brought against them for alleged wrongful acts in their capacity as company leaders. The scenarios in which Directors & Officers liability insurance could be invoked are as diverse as the corporate institutions it serves.

Here are key coverages which can be included in a D&O Liability Insurance policy:

Personal Liability Coverage

Legal Defence Costs

This covers necessary legal defence costs incurred by directors and officers in defending against lawsuits alleging wrongful acts.

Damages And Settlements

This covers damages, settlements, and judgments awarded against directors and officers.

Investigation Costs

This extends coverage for costs related to investigations by regulatory bodies or other authorities.

Entity Coverage

Corporate Reimbursement

Corporate Reimbursement

This covers reimbursement to the company for amounts it is legally required or permitted to pay to directors and officers as indemnification for claims made against them.

Securities Claims

Coverage for the company itself for claims related to securities law violations, such as misrepresentation or failure to disclose important information to shareholders.

Fiduciary Duty Claims

Breach Of Fiduciary Duty

This covers losses arising from claims alleging breach of fiduciary duties, such as mismanagement of company assets or conflicts of interest.

Regulatory And Legal Proceedings

Regulatory Investigations

This covers necessary and reasonable costs associated with regulatory investigations and proceedings against directors and officers.

Administrative And Civil Proceedings

Coverage for costs arising from administrative and civil proceedings related to wrongful acts by directors and officers. 

The cost of defending an action or consenting to a settlement can be financially crippling, and the implications of these defences and settlements can be far-reaching, impacting a leader’s personal life and the future of the enterprise. 

Directors and Officers Liability Insurance serve as a robust fortress against these potential threats, one that every business captain would do well to incorporate into their risk management strategy.