A liability insurance payable to the directors and officers of a company as reimbursement for losses or advancement of defense costs in the event they suffer a loss as a result of a legal action brought against them for alleged
wrongful acts in their capacity as directors and / or officers.
In case of losses resulting from claims filed against them by
any wrongful act in their capacity.
Not exact matches
Under this policy members are covered while
acting in their
capacity as administrators
in youth sports activities if they become legally obligated to pay for claims arising out of
wrongful acts in the running of the league or team, employment practices, person injury or publishers liability.
Calculation of economic damages under the
Wrongful Death
Act is based,
in part, on the deceased individual's age, life expectancy, earnings
capacity, and character.