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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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