Are retired directors covered?

  • Yes. The policy covers retired directors and officers in the same way as those who are still working for the Insured Company.
  • Retirement does not mean the Insured Person has reached retirement age, it simply means that he/she is no longer a director or officer of the insured company.  Directors that were disqualified from serving as a director are not considered as being retired.
Subject: 
Directors and Officers Liability