D&O insurance

A D&O insurance policy (directors and officers) is a type of pecuniary damage liability insurance for company entities such as executive boards, supervisory boards and managing directors. They are liable to an unlimited extent with their private assets in the event of negligent mistakes while running the company. In order to protect them from this risk, companies take out D&O insurance for their corporate entities with a view to fending off or indemnifying damages claims.

A D&O insurance policy should always be individually tailored to the personal risks of governing entities. A basic distinction is made here between internal liability and external liability.

Internal liability

Internal liability refers to liability towards their own company based on action or omission.

External liability

External liability refers to liability towards third parties that are not part of the company and submit damages claims.

Both areas are covered by a D&O insurance policy. That being said, there are also considerable differences between policies. It is imperative that attention be paid to the following points:

  • The amount insured
  • Retroactive coverage (coverage for liability cases that occurred prior to the conclusion of the insurance policy, but were first discovered during the period of coverage)
  • Run-off coverage (coverage for liability cases that arose during the period of coverage, but were only discovered afterwards)
  • The right to choose one’s own lawyer

If a liability case arises, it is possible that the insurer will try to resist covering the costs despite the existing policy. In these cases, the advice of and representation by competent lawyers are indispensable.

We offer:

  • Counselling and assistance when taking out D&O insurance
  • Revision and updating of existing contracts, including regarding any gaps in coverage and the need for optimisation
  • Counselling in the event of a liability case
  • Examination and enforcement of claims against insurers

Arrange a consultation at one of our branch offices in Cologne, Bonn, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich or Stuttgart.

Make an appointment at one of our locations in Cologne, Berlin, Dusseldorf, Frankfurt, Hamburg, Munich or Stuttgart! For International inquiries, please contact us at our offices in London or Singapore!
Locations
GRP Rainer Rechtsanwälte Steuerberater Köln
Gürzenich-Quartier
Augustinerstraße 10
50667 Köln
+49 221 2722750
+49 221 27227524
Details
GRP Rainer Rechtsanwälte Steuerberater Berlin
Kurfürstendamm 21
10719 Berlin
+49 30 544459880
+49 30 544459885
Details
GRP Rainer Rechtsanwälte Steuerberater Bonn
Friedrich-Ebert-Allee 13
53113 Bonn
+49 228 929599890
+49 228 929599895
Details
GRP Rainer Rechtsanwälte Steuerberater Düsseldorf
Königsallee 92a
40212 Düsseldorf
+49 211 993399920
+49 211 993399925
Details
GRP Rainer Rechtsanwälte Steuerberater Frankfurt
Skyper Villa
Taunusanlage 1
60329 Frankfurt am Main
+49 69 172979670
+49 69 172979675
Details
GRP Rainer Rechtsanwälte Steuerberater Hamburg
HafenCity
Am Kaiserkai 1
20457 Hamburg
+49 40 422369430
+49 40 422369435
Details
GRP Rainer Rechtsanwälte Steuerberater München
Maximilianstraße 35a
80539 München
+49 89 211298800
+49 89 211298805
Details
GRP Rainer Rechtsanwälte Steuerberater Stuttgart
Königstraße 10c
70173 Stuttgart
+49 711 988099810
+49 711 988099815
Details
Do you have any questions?
Make an appointment at one of our locations in Cologne, Berlin, Dusseldorf, Frankfurt, Hamburg, Munich or Stuttgart! For International inquiries, please contact us at our offices in London or Singapore!