Are You Liable With Your Personal Assets? It Doesn't Have to Be That Way

As a managing director, you are personally and unlimitedly liable — even for decisions made in good faith. D&O Insurance protects what you have built.

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Protecting Personal Liability as a Managing Director

Managing directors, board members, and supervisory board members are personally and unlimitedly liable with their private assets. D&O Insurance (Directors & Officers) protects your personal assets in cases of breach of duty. We know the differences between the various tariffs and ensure that you are optimally covered when it matters most.

What D&O Insurance Covers

Internal Liability

Claims by the company itself or the insolvency administrator against the corporate officer.

External Liability

Claims by third parties — customers, suppliers, authorities, shareholders.

Defense Costs

Attorney and court fees — even in the case of unfounded allegations.

Criminal Defense Support

Coverage of costs for criminal defense in cases involving financial offenses.

Extended Liability Coverage

Protection even after leaving the corporate position — typically 5–10 years.

Spouse Protection

Protection of the spouse in the event of liability extending to jointly held assets.

Who Needs D&O Insurance?

GmbH Managing Directors

Personal liability with private assets under § 43 GmbHG — including negligent breaches of duty.

Board Members (AG/eG)

Personal liability under § 93 AktG. D&O is standard practice in publicly listed companies.

Supervisory Board Members & Advisory Board Members

Duty of oversight — liability for failures in the supervisory function.

Senior Employees

Authorized signatories and senior staff with decision-making authority.

What is covered?

Versichert

Personal liability of managing directors and board members
Internal liability (claims by the company itself)
External liability (claims by third parties such as creditors, authorities)
Legal defense costs (even for unfounded claims)
Tax-related liability risks
Claims arising from delayed filing for insolvency
Extended reporting period for departed corporate officers
Co-insurance of authorized signatories and senior employees

Nicht versichert

Intentional breaches of duty
Claims for fulfillment of contracts
Personal enrichment of the manager
Damages caused by nuclear energy or war
Known breaches of duty prior to policy inception
Punitive payments and fines (depending on jurisdiction)

How we protect your board and management members

Risk Assessment

Analyzing industry, revenue, balance sheet, shareholder structure, and specific liability risks.

Coverage Concept

Tailored D&O policy with all relevant modules and sublimits.

Market Placement

Submission to specialized D&O insurers for optimal terms and conditions.

Claims Support

In an emergency: immediate assistance with claims reporting and defense coordination.

Frequently Asked Questions About D&O Insurance

No. Commercial liability insurance protects the company against third-party claims. D&O insurance protects you personally as a managing director. A typical scenario: your own GmbH seeks recourse against you following a mistake.

For a GmbH with €1 million in coverage, premiums start at approximately €500–2,000 annually. For larger companies and higher coverage amounts, costs increase accordingly.

For AG board members, yes: § 93 Abs. 2 AktG requires a deductible of at least 10% of the loss (up to a maximum of 1.5 times the annual remuneration). For GmbH managing directors, this is not mandatory, but it is recommended.

The extended reporting period clause protects you even after leaving the position. Good policies offer 5–10 years of extended coverage. Check this before making a change — a gap in coverage can have severe consequences.

Request D&O Insurance

Free and non-binding.

D&O Protection for Your Management

Protect your personal assets with a tailored D&O policy — advice from a specialist.

Request a Quote 0711 · 2172 3240