In the best-case scenario, the legal protection for managers comprises criminal-law protection, employment contract legal protection and financial loss liability protection. The latter is not entirely necessary if sufficient D&O insurance cover is in place. Combination products are often available.
However, we place no value in legal protection products, such as D&O premium action legal protection insurance or a combination of D&O and financial loss legal protection insurance, which is why we do not actively offer these products.
Financial loss legal protection insurance may make sense on a standalone basis if the company is unable to arrange any D&O insurance or the D&O insurance has so many cover limitations attached that at least the defence cost component needs to be strengthened in favour of the company.