DIRECTORS AND OFFICERS LIABILITY INSURANCE,
What Does DIRECTORS AND OFFICERS LIABILITY INSURANCE Mean?
DIRECTORS AND OFFICERS LIABILITY INSURANCE means: Company directors and officers may be held personally responsible for damages caused by negligence or illegal activities, even if they are acting on behalf of the company. This insurance covers these individuals and pays the company (and sometimes even the directors and officers individually) for the legal costs incurred in defense. Usually written with a high deduction.
It covers complaints from shareholders, government agencies and employees, as well as complaints from executives about suspected mismanagement. Click here to get compulsory insurance for directors and executives on einsour.com!
Literal Meanings of DIRECTORS AND OFFICERS LIABILITY INSURANCE
Meanings of DIRECTORS:
The person responsible for the activity, service or organization.
Sentences of DIRECTORS
Synonyms of DIRECTORS
leader, chief, boss, controller, master, supervisor, governor, superintendent, foreman, forewoman, headman
Meanings of AND:
It is used to join the same part of the language, sentence or phrase words that need to be included.
It is used to offer additional comments or penalties.
It is used to indicate intention after "to" after some verb and before other verb.
Boolean operator which returns I and only if all the operations are one and vice versa has a value of zero.
Synonyms of AND
together with, along with, with, as well as, in addition to, including, also, too, added to, and, not to mention, besides, coupled with
Meanings of OFFICERS:
An individual as an authority, especially one serving in the military, merchant navy, or passenger ship.
Holds public, civic or religious positions.
A member who holds a special position in certain honorary titles, such as post-Commander of the Order of the British Empire.
Provides military officers.
Sentences of OFFICERS
He is also an officer serving in the army
An experimental officer
Yukon Pioneer Order officials and members attended.
The princes gained considerable power and led the armies
Synonyms of OFFICERS
committee member, official, office-holder, office-bearer, board member, public servant, administrator, commissioner, executive, functionary, bureaucrat, dignitary, representative, agent, deputy, messenger, envoy
Meanings of LIABILITY:
The person or object whose presence or behavior is a cause of shame.
Synonyms of LIABILITY
accountability, responsibility, legal responsibility, answerability, hindrance, encumbrance, burden, handicap, nuisance, inconvenience
Meanings of INSURANCE:
The methods or contracts used by companies or government agencies provide a guaranteed compensation for certain losses, injuries, illness or death in return for payment of premiums.
Synonyms of INSURANCE
indemnity, indemnification, protection, financial protection, security, surety, cover, defence, safeguard, safety measure, shelter, precaution, provision, preventive measure, immunity