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Directors and Officers Liability Insurance (D&O)
Directors and Officers Liability Insurance (D&O) provides coverage for management bodies against claims for compensation for damages resulting from erroneous management decisions, actions, or breaches of duty.
Contacts: SOGAZ
- PAO "Rosseti": "SOGAZ" won the tender to insure the liability of PAO "Rosseti" directors and officers. The insurance amount for the annual contract is 10 billion rubles. An additional liability limit for each independent director is 30 million rubles, with a total limit for all independent directors not exceeding 150 million rubles. The insurance is valid worldwide.
- PhosAgro: The company has been annually entering into D&O liability insurance contracts since 2012. In the latest insurance contract (from June 1, 2022, to May 31, 2023), liability for damages incurred by third parties during the directors' and officers' duties is insured with a liability limit equivalent to 50 million USD in rubles.
- NOVATEK: Liability insurance for senior executives and the Group in case of third-party claims related to incorrect actions or decisions by executives and management bodies to reduce potential legal claims. The insurance covers the business's property interests.
Cases and effects:
SOGAZ is a Russian insurance company categorized as systemically important, offering services for B2B clients including liability, property, transport, and personnel insurance. It provides specific insurance solutions tailored to various industries.
