D&O
Protect executives from legal claims due to their decisions, covering personal costs.
At SABSEG, we have decades of experience advising our clients on how to protect their assets when they hold positions of responsibility in companies.
The Ley de Sociedades de Capital (Capital Companies Act) establishes that administrators and executives are jointly liable for damages to third parties resulting from acts or omissions arising from a lack of diligence in the performance of their business duties. This means that administrators and executives may be liable with their own assets for such claims.
In recent years, claims against administrators, directors, and senior executives have increased significantly worldwide, arising from a wide variety of situations. Among these are:
Claims from shareholders for negligence or errors in strategic decisions, such as non-compliance with tax or bankruptcy regulations, failure to adhere to internal policies, or allegations of embezzlement.
Violations related to confidentiality and data protection.
Non-compliance with occupational health and safety protocols, which can result in sanctions from Seguridad Social and/or claims from workers.
Coverages
With a deep understanding of the specific characteristics and needs of each client, we ensure that we offer the appropriate coverage for each sector, geographical location, and time horizon, regardless of the size of the company. The main coverages are:
- Defense expenses and compensation to third parties
- Coverage for improper employment practices for both individuals and legal entities
- Criminal responsibility of the society
- Court attendance expenses
- Bankruptcy Guarantee
- Criminal and civil bonds
- Fines and sanctions
- Subsidiary Tax Liability
- Coverage for the policyholder, subsidiaries, and affiliated companies
D&O
How can we help you?
Contact your specialists for D&O
Frequently asked questions
In this section, you will find answers to the most frequently asked questions about our insurance and services. If you have any additional questions, please do not hesitate to contact us; we are here to help you.
Who is a D&O insurance policy aimed at?
D&O insurance is designed to primarily protect members of a company's executive team and management, including:
Members of the management body.
Employees with senior management roles or who act as de facto administrators.
Spouses, common-law partners, heirs, or legal representatives of the insured.
Insured persons in their capacity as representatives in subsidiaries and participating entities.
The company itself may also be covered by these policies in the event of claims related to securities, especially if listed on a market.
What extensions exist to the D&O product?
D&O insurance is designed to primarily protect members of a company's executive team and management, including:
Members of the management body.
Employees in high-level management roles or acting as de facto directors.
Spouses, domestic partners, heirs, or legal representatives of the insured.
Persons insured in their capacity as representatives in subsidiaries and affiliated entities.