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DIRECTORS & OFFICERS TAKAFUL (D&O)

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OVERVIEW
SCOPE OF COVER
OVERVIEW

The policy is designed to cover directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance offer coverage for the directors and officers of for-profit businesses, privately held firms, non-profit organizations, educational institutions, etc.

SCOPE OF COVER

Director’s and Officer’s Takaful covers the following:

Section I: Protects a corporation’s directors and officers when the company cannot indemnify the individuals.

Section II: Reimburses the organization when it indemnifies the individuals, thus protecting the company’s balance sheet

Section III: Also known as “entity coverage,” this eliminates disputes of coverage allocation when both the directors and officers and the insured organization are named as co-defendants in a securities lawsuit.

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