SNCF Directors & Officers (D&O) Liability Insurance

Co-operatives with good practices in governance and armed with a Management Liability insurance plan, will stand a better chance to attract and retain good leaders and staff. For the benefit of its affiliates, SNCF has collaborated with Howden Insurance Broker to offer our SNCF affiliates with simple and affordable access to Management Liability Insurance (also commonly known as Directors and Officers Liability Insurance).

About Management Liability Insurance
Management (D&O) Liability Insurance provides financial protection for the management committee members of the co-operative in the event they are sued personally in connection with the performance of their duties in the managing of the co-operative.

Any allegation made by a third party, no matter how frivolous, needs to be vigorously defended by the committee members or otherwise, there is a risk of judgement being entered in default of a defence.

The policy covers the legal costs incurred to attend investigations and to defend cases of breach of fiduciary duty, defamation, employment related matters and other error allegedly committed in their capacity as the management of the co-operative. Compensation, including court-awarded damages and private settlement, are also covered.

For more information on the Management Liability insurance, please download the brochure. To obtain a quotation or seek clarification, please contact Howden Insurance Brokers at financial.lines@sg.howdengroup.com or 6510 3714.