Why Is Directors and Officers Liability Insurance Important?
At Madanes Insurance Agency, we believe you deserve the highest level of protection. In recent years, there has been a significant increase in claims seeking to impose direct personal liability on office holders for management decisions. Without appropriate insurance, office holders may be forced to bear substantial financial exposure personally.
Who Is Considered an Office Holder?
This category includes directors, chief executive officers, chief business officers, deputy CEOs, and vice presidents. It also encompasses any manager reporting directly to the CEO and any individual holding a functional office within the company, regardless of their formal title.
Available Extensions – Customizing Your Coverage
A Directors and Officers liability policy offers a wide range of extensions and configurable options. Below are examples of beneficial extensions:
- Expanded Insured Definition – Includes external office holders, former directors, company secretaries, and legal advisors.
- Defense Costs in Excess – Coverage of legal defense costs that exceed the purchased liability limit.
- Criminal Proceedings Advancement – Extension for the advancement of legal defense costs in criminal proceedings or fraud-related claims.
- Global Jurisdiction – Extension providing coverage for claims filed anywhere in the world.
- Consulting Expenses – Coverage of expenses related to risk management or insurance consulting during claim handling.
- Reputation Management – Extension covering fees for public relations firms to manage reputational crises.
- Exclusion Removal – Deletion of significant policy exclusions to broaden protection.
Advantages of D&O Insurance Through Madanes
At Madanes Insurance Agency, we carefully select the insurance program best suited to your needs. The professionalism and accumulated experience of Madanes have made us the preferred provider for many business communities in Israel, including physicians, lawyers, certified public accountants, architects, and security forces.
