Directors and Officers Liability Insurance

Civil liability for corporate officers protects you from risks related to governance errors, conflicts of interest, violations of laws and regulations...

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By the way

The leaders (managers of SARL; general managers, administrators or members of the board of directors of SA; presidents of SAS) are individually or jointly responsible towards the company or third parties:

  • Violations of the applicable legislative or regulatory provisions of the company.
  • From the violation of the company's bylaws
  • Mistakes made in their management.

It is strongly recommended for companies wishing to protect their executives from these risks to take out D&O insurance.

  • Regarding the leaders, These are mainly claims involving their individual or joint and several liability and attributable to their actual or alleged professional misconduct.
  • Regarding the company These are claims arising from professional misconduct committed by one of the company's directors. This misconduct must be deemed not separable* from the executive's duties (*separable misconduct is intentional misconduct that is particularly serious and incompatible with the normal performance of corporate duties).
  • The subscribing company is also covered.
  • The financial consequences that the manager may incur under his professional liability.
  • The costs of civil, criminal, and administrative defense
  • The consulting fees related to the opening of a judicial liquidation or related to the tax audit of the legal directors.
  • Damage to reputation and costs of image rebuilding or psychological support
  • The fees for assistance related to a custody.
  • The crisis management fees...

Some insurers also offer a capital for disability or incapacity for the executive while on business trips, as well as a fund to prevent the company's difficulties. The beneficiaries of the executives and their spouses, as well as retired executives, can also be protected.

Our clients

  • Maritime shipowners
  • Operators
  • River Shipowners / Barge Operators
  • Fishing
  • Trading of raw materials - goods transported
  • Goods transported - Industry
  • T&L (transport commissioners, carriers, logisticians)
  • Yachting
  • Shipyards
  • Maritime experts
  • Ship financing banks

Our sectors and other products

Examples of complaints or misconduct by a manager

  • Dépassement d’autorité
  • Demande en nullité d’une augmentation de capital
  • Conflit d’intérêt
  • Abus de confiance
  • Infractions fiscales et douanières
  • Non respect des règles de sécurité, etc. 

Why choose Howden?

Our specialist maritime transport teams can help you analyse your contracts, place your risks and manage your claims.

We offer you a contract:

  • Subscribed with insurers specialized in civil liability
  • Who can extend to claims filed worldwide, including the United States and Canada.
  • Who can be subscribed in addition to the liability insurance of your company.

 

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Photo of Jean-Baptiste De Malartic

Jean-Baptiste De Malartic

Director of Maritime and Transport Product Line and General Manager of Howden Marine France
Photo of Jean-Baptiste De Malartic

Jean-Baptiste De Malartic

Director of Maritime and Transport Product Line and General Manager of Howden Marine France

Jean-Baptiste graduated from EDHEC Business School with an MSc in Strategy and Organization. After an initial experience at Gan Patrimoine (a subsidiary of Groupama) in personal insurance, he worked for four years in Italy for an insurance captive of the Crédit Agricole group to develop its activity and partnerships. Upon his return to France, he joined the underwriting department of AXA XL (formerly AXA CS) to lead development and innovation projects before integrating the marine cargo underwriting team in France, of which he became responsible in 2020.

Currently serving as Director of the Maritime and Transport Product Line and General Manager of Howden Marine France, Jean-Baptiste is responsible for developing Maritime and Transport solutions, which are one of the pillars of Howden in France. Howden Marine in France is built on the historical foundations of Guian, superbly developed with Seasecure under the direction of Jean Brossollet, with Jean-Baptiste succeeding him.

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