CORPORATE OFFICERS’ LIABILITY

OUR EXPERTISE SERVING YOU

Protect directors’ personal assets, cover defence costs and damages and interests.

Directors (legal or de facto) are increasingly exposed and can be held liable from many directions :

Banks (filling of liabilities, etc.)

Employees (harassment, discrimination, etc.)

Shareholders (non-compliance with the articles of association, “risky” investments, etc.)

Creditors (URSSAF, suppliers, etc.)

The ever-increasing complexity of regulations puts directors at risk of falling foul of them “every day” and leaves them exposed.

Directors’ liability insurance provides cover for financial costs and assistance in the event of a claim.

SOME EXAMPLES OF CLAIMS

Following insolvency, the expert assessment requested by the liquidator reveals inaccuracies in the accounts and major inconsistencies.

Director’s defence costs €17,200

Damages €382,000

A competitor having lost several contracts brings a case to the Commercial Court for anti-competitive practices and favouritism against the company and its director.

Director’s defence costs €37,400

Following a serious accident at work, the director is summoned to the Criminal Court.

Director’s defence costs €11,000