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Directors
and Officers Liability Insurance covers directors / officers committee
members when being personally sued as a result of their actions in the
course of their duties. Directors and Officers may be held personally
liable for the actions of the organisation.
In
some cases this could mean personal assets such as your house could be
at risk. Some examples of liable actions include media
misrepresentation, trading while insolvent or alleged restrictive trade
practices. Directors and officers can be sued by their employees,
creditors, clients, competitors, the public, government agencies or
liquidators in the event of liquidation.
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