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There has been a global trend of increased claims against directors and officers in recent times. Directors and officers liability insurance has become an integral part of the insurance programs of many companies which is due to the increasingly onerous nature of duties and responsibilities placed on directors by Common Law and the Companies Ordinance. The rate of reform in the law of recent times includes a regime of continuous disclosure requirements.
A wide range of actions can be brought by any number of parties: shareholders, customers, creditors, competitors and Government regulators, such as the Securities and Futures Commission. A protracted dispute could place the financial well-being of your company and its directors and officers at risk. One factor which is not always accorded the proper weight is the often prohibitive cost of defending allegations brought against individual directors and officers. Irrespective of the merits of the litigation, a director or officer needs to be able to fund his / her defence which could be very costly. With CBI EXECUTIVE PRIMER and/or CBI EXECUTIVE ADVANCE, your company and its directors and officers will not have to worry. You shouldn't face a liability suit alone.
If you are interested on this product or have any queries, please feel free to contact us for more
details and we shall be glad to help. You may also download the
proposal form from this website.
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