Does the policy provide “Directors and Officers” liability coverage for our club officials?
A – No. That is a specialized form of insurance that must be purchased separately. D&O liability insurance is acquired by corporations to protect the directors and officers against claims made against them arising from their actions and/or decisions as directors and officers. Such policies frequently include coverage for outstanding salaries owing at the time of insolvency, or unpaid remissions owing to governments. The AXA Liability Insurance policy is designed to provide liability insurance for individuals and clubs engaged in activities related to amateur radio. These are two different kinds of activity, attracting two different kinds of potential liability. Therefore, two kinds of insurance policies would be required to provide coverage against all possible claims.
A. – No. That is a specialized form of insurance that must be purchased separately. D&O liability insurance is acquired by corporations to protect the directors and officers against claims made against them arising from their actions and/or decisions as directors and officers. Such policies frequently include coverage for outstanding salaries owing at the time of insolvency, or unpaid remissions owing to governments. The AXA Liability Insurance policy is designed to provide liability insurance for individuals and clubs engaged in activities related to amateur radio. These are two different kinds of activity, attracting two different kinds of potential liability. Therefore, two kinds of insurance policies would be required to provide coverage against all possible claims.
