Director's Liability
Protect yourself as a director with directors' liability insurance (BAV)
About Director's Liability Insurance (BAV).
As a director in a company in the painting and maintenance industry, you make important decisions every day. But what happens if one of these decisions unexpectedly causes damage and you are held liable? That's what our Directors' Liability Insurance (BAV) is for.
The BAV is designed to protect your private assets from the financial consequences of a mistake you may make as a director. Whether you are held liable internally by your own company, or externally by third parties, with our BAV you are insured. We offer all this for a very attractive premium.
Good to know
Why do I need directors' liability insurance (BAV)?
Legal costs of a liability claim can add up quickly, even if you are ultimately found not liable. Without a BAV, you are personally responsible for any claims or attorney fees. This can come at the expense of your private assets, such as your home, car and savings.
In what situations does the BAV provide protection?
The BAV provides relief in a wide range of situations, such as risky investments, negligent accounting, mergers and acquisitions, or bankruptcies.
Who is insured with the BAV?
The insured persons on this policy are directors and supervisors, co-managers, former insureds, successors in title and liquidators.
What does the BAV cover?
The BAV covers defense costs and the cost of the ultimate claim if you are found liable as a director. There are exceptions, such as in the case of intentional damage, fines or penalties imposed, and undue favoritism of insureds or third parties.
What does the BAV cost?
The cost of insurance depends on the limit chosen and the profile of the organization. Request a quote to discover the exact price for your situation.
Get in touch
As a OnderhoudNL member, would you like to speak to one of our specialists? Feel free to ask all your questions by phone or form.
Available now
Call us
You can reach us during business hours at the phone number below.