Director & Officer Liability

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

In Indonesia's increasingly litigious business environment, companies and their directors and officers are subjected to ever 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.

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

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

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.

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