DIRECTORS & OFFICERS

SHA’s Directors’ and Officers’ policy is aligned with the Companies Act 71 of 2008 to address the personal liability needs of directors. This policy affords directors the flexibility to choose between essential peace of mind cover or enhanced cover through the optional extensions depicted below.

Directors’ Liability Policy provides cover in respect of –

  • Claims first made against the Insured for compensation during the period of insurance for which the Insured shall become legally liable. This includes damages, awards and approved settlements
  • Claims first made against the Insured during the period of insurance for which the Insured is legally liable where the Company has indemnified the Insured. This includes damages, awards and approved settlements
  • Claimants’ costs and expenses incurred by the Insured during the period of insurance with the Insurers’ written consent in the defence of any claim which is the subject of indemnity

following a Wrongful Act; where permitted by law, the advancement of costs, charges, and expenses incurred by the Insured during the period of insurance with the Insurers’ written consent for defence of allegations of any

  • Criminal act
  • Wilful misconduct
  • Wilful breach of trust
  • Reckless trading or Breach of authority where the proceedings are abandoned or exculpate the Director

Extensions:

  • Estates, Heirs and Legal Representatives
  • Defamation
  • New Subsidiaries
  • Investigation and Inquiry Costs

Optional Extensions:

  • Additional Excess Limit
  • Aggregate Reinstatement
  • Bail Bond Costs
  • Bilateral Discovery Period
  • Company Securities
  • Crisis Communication Costs
  • Deprivation of Assets Expenses
  • Emergency Defence & Legal Costs
  • Environmental Impairment Defence Costs
  • Environmental Impairment Shareholder Derivative Claim
  • Extradition Proceedings
  • Major Shareholder
  • Worldwide Jurisdiction
  • Outside Directorships
  • Prosecution Costs
  • Public & Investor Relations Expenses
  • Public Finance Management Act
  • Retired Directors

Territorial Limits:

  • Worldwide

   For a list of the team who specialise in this area click here

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The risks facing today's business leaders are substantial. If you are a broker, chat to us about how we can give your clients peace of mind.

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Reasons to insure with us

TOP 100 FINANCIAL MAIL COMPANIES

We are proud of our long standing association with majority of the top companies listed on the JSE

BESPOKE SOLUTIONS

Our product range is geared up to protect the SME all the way up to the mega-corporate organisation

CLAIMS EXPERTISE

We employ a large team of specialists in our claims area, many of whom have legal qualifications or are admitted attorneys. This assures that our clients always get the most professional casualty claims service.

UNDERWRITING

After 30 years we've seen most risks and our team of experienced underwriters are well positioned to tailor-make niche insurance solutions for any sized business across a diverse range of industries