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D&O (Directors and Officers Liability Insurance)
❓ Frequently Asked Questions
What is D&O insurance in South Africa?
It is liability insurance that protects directors and officers from personal losses if they are sued for decisions made in their managerial roles.
Is D&O insurance mandatory in South Africa?
It is not legally mandatory, but it is strongly recommended due to the personal liability imposed by the Companies Act.
What does D&O insurance not cover?
Typically excludes fraudulent or illegal acts proven in court.
