Members of the statutory and supervisory board have extensive obligations in relation to the business management and representation of the company. The company or third parties may be exposed to losses as a result of the members’ errors, who may be liable, regardless of their fault, with their entire property.

Most common areas of errors:

• Contractual relationships with suppliers or customers;
• Acquisition, reinvestment, group restructuring;
• Labour-​law relations;
• Relations with shareholders and partners

D&O insurance helps mitigate the consequences of error, and, as a result:

• significantly cuts the risks associated with executive service and shields members of corporate bodies from liability;
• cuts the risk of losses to the company;
• facilitates the enforcement of liability claims of shareholders, business partners, partners and creditors.