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Managers and administrators

A strategic decision, a lack of compliance with certain legislation, an unfair internal legislation policy, the simple approval of the annual accounts, are all situations that may pose a risk for the administrator, manager or director of the companies. They may find themselves in the position of having to face lawsuits against them that may jeopardize their personal assets or even the viability of the company they manage.

Main reasons for taking out a D&O insurance policy

  • The law is clear: the Capital Companies Act, the Transparency Act, the Civil Code and even the Criminal Code regulate the responsibilities of directors and administrators.
  • The responsibility is both personal and corporate. Therefore, people risk their own and their family's assets.
  • We can all make mistakes. We are immersed in a very frenetic and complex day-to-day life, with many variables and inputs to take into account and where risk and uncertainty in decision making is a constant.
  • Free choice defense costs are included whether or not what we are being accused of is true.

Main Characteristics:

  • Negligent acts, errors or omissions.
  • Personal and corporate responsibility.
  • Free choice of defense expenses.
  • Emergency expenses.
  • Advertising and image restitution expenses.
  • Tax liability.
  • New subsidiaries and investees included.
  • Worldwide.

We can help you!

Contact us at our nearest office or send us your inquiry through our contact form.

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Transportation

We know that your goods and/or products that you have in your warehouse are well controlled, well stowed and covered by a multi-risk insurance. However, do you know if they arrive correctly and in good condition to your customer? Do you know what mechanisms exist to cover these transports?

Environmental Liability

In 2007, Law 26/2007 of October 23, 2007 on Environmental Responsibility was created with the aim of regulating the responsibility of operators to prevent, avoid and repair environmental damage in accordance with Article 45 of the Constitution and with the principles of “the polluter pays and repairs”.

General Liability

Every business activity involves assuming certain liability risks with respect to third parties. Be it for the ownership of an asset, for a service rendered or for a product supplied. In the latter case, Product Recall Expenses coverage comes into play. Without it, the consequences for the company’s image and economic situation can be very serious.
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