covers the individuals

The Insuring Clauses

Directors’ and Officers’ Liability Insurance

Cover is provided for the personal liability of the directors and officers as they are not legally entitled to indemnity from the company due to Section 199 of the Corporations Act.

Company Reimbursement Insurance

Cover is provided to the company for liabilities and expenses it is legally obliged or entitled to pay on behalf of its directors and officers also as per Section 199 of the Corporations Act.