Liability insurance for directors, managers and administrators

You can receive complaints as part of a civil, arbitration, criminal, or administrative case, or a written request, from:

• Partners and shareholders: due to mismanagement by the company and/or for having made decisions that they deem to have violated or harmed their interests. 
• Employees: claims for damages caused by an improper employment action: discrimination, harassment at work, defamation, etc.
• Government bodies: subsidiary tax liability, administrative fines imposed on the administrator, etc.
• And others: company, buyers, for any damages resulting from an incorrect decision involving the management of the company.

The product's maximum applicable indemnity limits and sublimits:

• General compensation limit of up to €3,000,000 (depending on your company's turnover).
• Insolvency Guarantee Expenses: Maximum of €250,000.
• Public image restoration expenses: 10%, with a minimum of €100,000 and maximum of €300,0000.
• Administrative fines and sanctions: 10%, with a maximum of €150,000.
• Legal expenses for reckless homicide or for involuntary violation of the Occupational Risk Prevention Law: Maximum of €150,000.

Yes, in this case, they must provide the forecast data for the end of the current year, based on their business plan.

These companies are not eligible for the Civil Liability insolvency guarantee during the first year of the policy.

By law, we have to provide you with a standard insurance product information document to help you understand the main features.

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