In accordance with the Companies Act, all bodies of the company (management and supervisory board) must act as well-intended experts, as they are liable for the business end of the company.

Nevertheless, everyday business carries with itself the risk of inadvertently poor decision-making which can lead to damage claims addressed at the competent persons of the company.

The Directors and officers liability insurance (D&O) covers legal defense costs, fees adjudicated by the court, as well as damage fees and court expenses decided by the competent court or body due to violation of laws, dependent costs, administrative and misdemeanor fines, settlements with previous written confirmation of the insurance provider, and others.