Russian experience in directors and officers liability insurance

The challenging nature of business risks steadily leads to the increase in material losses and legal costs that makes the managers of companies think over the reliable integrated mechanisms to protect their liability against claims caused by their decisions or actions taken during their daily working process. One of such tools is directors and officers liability insurance policy or D&O, which has gained popularity in the USA, European countries and Japan. The author analyses the main idea of this type of insurance, the principles of covering perils, outlines the current realities and development prospects of this product in Russia taking into account the emerging trends in laws and regulations.