property damage
Manager Liability - Breach of duty due to statutory liability provisions
corporate D&O
VN is company VP GF, board AR ... pecuniary loss
WHO
Internal relationship / claim for compensation internal claims
External relationship / compensation claims External third party claims
Subsidiary and parent company § 244 UGB
Sister societies are not automatically insured
GmbH : CEO/AR/Advisory Board
AG: Executive Board / Supervisory Board / Advisory Board
Foundation and Association : Board / AR
Executive employees Limitation of liability § 4 DHG judicial moderation up to 00
Excusable mistake..
Residual liability risk: Why commercial directors and executives still need personal D&O protection from R+V!
Although these senior employees are members of the management board and usually also have budget responsibility, they are to be regarded as employees under labor law. Although you benefit from the liability privilege under the DHG, there is still a residual risk, especially since the court is responsible for moderating the claim for damages - and how they will then decide is difficult to predict! This means a restriction of the financial possibilities of the policyholder, who has to advance procedural costs and at the same time may also see his job at risk.
WHAT is insured
Control, advisory and managerial activities
operational activities
ODL mandates / third-party mandates — profit-non-profit eg association activities
GF/Board of Directors list of duties
From laws or contracts
GmbH law of orderly/conscientious management
In good faith, without self-interest, for the good of society
Based on sufficient and reasonable information
§25 paragraph 1 and paragraph 2
Liability begins when you take up office (not only when you make an entry in the FB)
Unlimited total private wealth
Reversal of the burden of proof Organ is responsible for proving careful action
Dual Risk Inside & Outside Liability
5 years statute of limitations