Directors & Officers
Liability
Protects your company's directors, officers and the company itself against financial losses resulting from claims for wrongful acts committed while performing their official duties — whether committed during or before the policy period, and regardless of location.
At a glance
The terms behind your cover.
Deductible
UGX 5,000,000.
Proposal form
Subject to a completed proposal form.
Quotation validity
Valid for 30 days from the date of issue.
Policy conditions Terms that must be met
Terms that must be met
for cover to respond.
New subsidiary cover
Automatic cover of 10% of consolidated asset value per the latest audited financial statements, but nil for North American acquisitions or operations.
Insurer's written consent
The company will not incur any costs or expenses without the written consent of the insurer.
Notification window
A prosecution or notice of intended prosecution is made and notified to the insurer during the period of insurance.
Acting in capacity
The wrongful act must have been committed by a director or officer whilst acting in capacity as such for the company.
Extension no. ii)
Applies only in respect of wrongful acts committed or alleged to have been committed prior to the date of non-renewal.
Nominated counsel
The insurer has a right, if they so desire, to nominate a lawyer to represent the directors and officers.
Aggregate limit
The insurer's liability shall not exceed the limit of indemnity stated in the schedule, in aggregate for all claims in any one period of insurance.
Cancellation notice
After 30 days' notice.
All eighteen extensions
stated in the document.
These extensions broaden your cover as selected and shown in the policy schedule. Every extension listed in the source document is retained below.
Legal and Defence Costs
Legal and defence costs, up to the full cover limits.
Heirs, Estates & Legal Representatives
Extends cover to a director's heirs, estates and legal representatives.
Discovery Period
A window to notify claims after the policy expires or lapses — 12 months.
Corporate Manslaughter
Defence cover for corporate manslaughter allegations.
Automatic Cover for New Subsidiaries
Covers subsidiaries created or acquired during the policy period.
Employment Practices Liability
Cover for employment-related claims such as wrongful dismissal or discrimination.
Assets and Liberty Costs
Costs incurred protecting a director's personal assets and liberty.
Past, Present, Future & Retired Directors and Officers
Extends cover to past, present, future and retired directors and officers.
Death, Incompetence or Insolvency
Maintains cover on a director's death, incompetence or insolvency.
Representation at Investigations & Examinations
Costs of representation at official investigations and examinations.
Investigation Costs
Costs of responding to formal investigations into the company or its officers.
Entity Clause
Extends cover to the company entity itself, not only its directors and officers.
Public Relations Expenses
Public relations costs to manage reputation following a covered claim.
Bail or Civil Bond Premium
Premium for a bail or civil bond required in connection with a claim.
Retroactive Cover
Covers wrongful acts committed before the policy period, subject to terms.
Errors and Omissions
Covers claims arising from errors and omissions in official duties.
Worldwide Coverage
Cover applies to claims made anywhere in the world, subject to exclusions.
Automatic Reinstatement of Cover
Restores the cover limit after a claim, where the policy allows.
Important exclusions
What this policy does not automatically cover.
War and terrorism
War and terrorism are not covered.
Prior claims
Prior claims or claim notifications are excluded.
Pending litigation
Prior or pending litigation is excluded.
Benefit and share schemes
Pension, profit, employee benefit or welfare programmes, and share option or incentive schemes.
Injury and property damage
Injury, death or property damage are excluded.
Pollution
Pollution is excluded.
United States exposures
United States of America exposures are excluded.
Nuclear risks
The nuclear exclusion applies.
Fraudulent acts
Fraudulent acts are not covered.
Wilful violation
Omission or any wilful violation of any statute or regulation.
Professional services
Rendering or failure to render professional services.
Failure to arrange insurance
Failure to arrange insurance is excluded.
Non-vitiation and commissions
The non-vitiation and commissions exclusion applies.
Professional indemnity
Professional indemnity claims are excluded.
Government exclusion
The government exclusion applies.
Money laundering
Money laundering is excluded.
Claims process
How a claim works.
- 01
Report the claim
Notify us as soon as a claim is brought against a director, officer or the company — within the period of insurance.
- 02
Share the documents
Send the policy schedule, correspondence and supporting records so the claim can move forward.
- 03
Assessment and legal defence
We confirm cover; legal and defence costs are covered up to the full limits, and the insurer may nominate counsel.
- 04
Resolution
Once liability and cover are confirmed, the claim is settled according to the policy terms.
Related protection
Protection that can work alongside this policy.
Professional Indemnity
Covers the claim where the error or omission arises from professional duties.
Learn More
Business Interruption
Recover lost profits and operating costs after insured damage.
Learn More
Group Personal Accident
Cover for death, disability, or accidents affecting a group of people.
Learn More
