Driver liability insurance

Directors' liability insurance is an important insurance for directors, supervisory directors and supervisors. This insurance protects the private assets of directors, supervisory directors and supervisors against the risk of being held personally liable for pure pecuniary loss due to errors, omissions or negligence in the performance of their duties. This is, for example, in the case of financial loss due to a managerial error caused by you or a fellow director. As a board, you must always perform your duties properly. If damage is caused by improper management, the entire board is personally liable. To protect yourself against this, you can take out directors' liability insurance. All legal costs, including the costs of a lawsuit, are co-insured for liability.

Directors' liability insurance protects a director's private assets at the time of liability. When you are appointed as a director of an association, for example, you do not immediately think about possible future liability issues. But with recent changes in the law and case law, it is increasingly likely that directors will be held personally liable for the financial consequences of mistakes made by the board. This also means that the private assets of directors can be addressed.

The directors' and officers' liability insurance covers the personal liability of the director and/or officer up to the insured amount. The insurance ensures that the financial risk for directors and supervisory directors is limited and that the private assets of directors and supervisory directors are protected against errors or alleged errors. Private liability insurance does not cover executive and supervisory directors.

In addition to the personal liability of the insured as director, liquidator or commissioner/supervisor for pure financial loss as a result of an act or omission, the following matters are also covered by the directors' and officers' liability insurance:

• Liability due to improper performance of duties

If you are held liable for damages due to improper performance of duties.

• Liability in tort

When you are held liable for damages by committing a wrongful act.

• Internal and external liability

Liability for damages of the organisation you manage (internal) and liability for damages of third parties (external).

• Legal Help

The costs of defence and legal aid are insured. Even if the claims are unfounded.

• Walk-in

If, after the effective date of the insurance, someone holds you liable for an incident that took place before the effective date, this is insured, unless stipulated otherwise. The claim or circumstance must not have been known to you at the start of the insurance.

• Outlet

If, after termination of the insurance, you are held liable for an incident that occurred before the end date of the insurance, coverage can be purchased in certain cases.

Damage caused deliberately or as a result of fraud or property crime such as theft, fraud or forgery is not insured. In addition, the following matters are also not insured with a professional liability insurance.

• Fines and penalty payments
• No coverage in America
• Insured persons within the same body shall not be regarded as third parties
• Damages in connection with non-compliance with legal obligations regarding accounting and financial statements
• Liability for damages in connection with legal acts which have provided you with a personal benefit or which were intended to provide a benefit.

The premium for directors' liability insurance depends on the organization you are insuring and the amount to be insured. On Alpina.nl we have listed an indication premium for the different policies. This will give you an idea of the premium for directors' liability insurance. Taking out the insurance is customized, which means you can request a quote from us. Within two working days you will receive a personal quote via e-mail. If the quote is approved, you can take out the insurance directly with us.

Are you considering purchasing directors' liability insurance? Then, of course, you'll want to know what such insurance will cost and where best to purchase it. You can do this by comparing directors' and officers' liability insurance. On Alpina.nl we have listed the premiums of the various policies for you. This will give you an idea of the insurance premium. Of course, you can also request a quote directly from us. You will then receive a quote tailored to your personal situation by e-mail within 2 working days.