EXECUTIVE LIABILITY INSURANCE

As the size of the company grows in the business world, the company’s responsibilities towards all environmental sectors, apart from the sectors it serves, also increase.

As the size of the company grows in the business world, the company’s responsibilities towards all environmental sectors, apart from the sectors it serves, also increase. Today, this web of responsibility is growing faster than anticipated. While businesses are trying to move forward without being caught in these responsibility and risk networks, mistakes to be made in the decision-making processes may cause unpredictable damages. Managers and employees are at the center of decision-making processes.

Managers and employees may not only cause the business to take on financial obligations with faulty decisions and practices, but may also cause loss of reputation, whose financial dimension is not visible in the first place. These losses will also lead to financial problems later on.

NART Sigorta ve Reasürans Brokerliği A.Ş. examines the insurance plans and risk management services created against these rapidly growing risks in all sectors, all over the world, through its international partners. In the world where a new company scandal is encountered every day, the customer-oriented service approach succeeds in assuring the quality of life of all businesses in the prevention or compensation of such problems.

WHAT IS EXECUTIVE LIABILITY INSURANCE?

It provides a guarantee against the claims claimed by the parties who suffered losses due to wrongful actions (unintentional error, negligence, misrepresentation, violation, etc.) and wrong decisions taken by the Members of the Board of Directors and Managers of the company while performing their duties on behalf of the company.

WHO IS COVERED BY EXECUTIVE LIABILITY INSURANCE?

  • • Members of the board of directors, directors or directors, committee members, any company employee acting as a manager or supervisor, performing duties in the company and its subsidiaries.
  • • Company employee who is a risk manager or equivalent
  • • Members of the board of directors, managers, executives and employees of companies that are subsidiaries of the company acquired during the contract period.
  • • Members of the board of directors and executives working in a non-subsidiary company (External Organization) within the scope of the company’s special order and request.
  • • Retired company executives

What is False Action?

Any action taken or allegedly performed by the managers, false information, misleading statement, error, negligence, insult, fault, breach of warranty of authority, breach of fiduciary duty, or any other act that may cause management liability or manager Any matter performed against him/her solely because of his/her duty in question is considered to be a wrongful act.

WHO IS COVERED BY EXECUTIVE LIABILITY INSURANCE?

  • • Members of the board of directors, directors or directors, committee members, any company employee acting as a manager or supervisor, performing duties in the company and its subsidiaries.
  • • Company employee who is a risk manager or equivalent
  • • Members of the board of directors, managers, administrators and employees of companies that are subsidiaries of the company acquired during the contract period.
  • • Members of the board of directors and executives working in a non-subsidiary company (External Organization) within the scope of the company’s special order and request.
  • • Retired company executives

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