D&O Insurance aims to protect the assets of individuals who hold management positions in the company. D&O is an abbreviation for Directors and Officers Liability Insurance.
According to the definition held in Circular SUSEP 553/17, “RC insurance D&O is a liability insurance contracted by a legal person (borrower) for the benefit of natural persons who in it, and / or its subsidiaries, and /or have exercised, and / or exercises, stewardship p position / or management positions, executives, as a result of appointment, election or employment agreement (insured persons), or by the own natural one.”
Basically, this is insurance aimed at individuals who exercises, become to or have exercised, positions of power (of administration and / or management).
ACG Advogados is a reference in D&O insurance, and has played an important role in the regulation of this claims field, as well as acting in judicial defenses of the Insurance Companies for a long time. We have a specialized team trying to attend the customer´s needs, always considering what is new in the jurisprudence, and what has been reiterated in our Courts, without ever forgetting the norms and circulars inherent to the D&O branch.
Due to the activities carried out and the responsibilities that always accompany a position of power, it is essential that D&O insurance is provided, which is precisely aimed to the reality and risks that these potential insured persons are exposed to. On the other hand, insurers are increasingly being demanded because of the growth of this branch, being essential a specialized legal advice, of which our team is certainly the best prepared in the market.