Coverage
D&O Coverage in Thailand
Directors and Officers Insurance in Thailand offers essential protection for businesses by safeguarding company executives against personal financial loss in the event of legal proceedings, or formal investigation, related to their decisions and actions in a leadership capacity.
A well-structured D&O policy in Thailand can include coverage for a wide range of liabilities arising from alleged wrongful acts. Typical protections provided under these policies may include:
- Legal defense and representation costs
- Settlement amounts, judgments, and damages
- Bail bond premiums and associated crisis response costs
- Reputational damage management and public relations expenses
- Legal costs associated with extradition proceedings
- Tax liability incurred when an insured becomes personally liable following company insolvency
- Coverage for civil fines and penalties, subject to policy terms
- Claims between directors or executives of the same company
- Claims connected to North American operations or exposure
- Coverage of losses within 30 days of a management buy-out of a subsidiary
While D&O coverage is often issued as a standalone policy, businesses in the financial sector may receive it bundled with broader Professional Indemnity Insurance as part of a comprehensive executive risk management solution.