INSURANCE REGULATION AND COMPLIANCE

Insurance Regulation and Compliance is intended to guarantee the Civil Liability of the Members of the Supervisory Bodies/ Administrators of the policyholder, replacing the provision of security required by article 396° of the CSC. This, in turn, is carried out for the benefit of any rights to compensation for management/ supervision damages.

The provision of security is made in favor of the rights to compensation for damages arising from management or supervision.

The insurance provides a financial safeguard to the directors and members of the supervisory bodies, protecting them against potential claims from third parties arising from the exercise of their functions within the company.

This coverage is vital for the safety and well-being of these professionals, allowing them to perform their duties with greater peace of mind and confidence.

One of the main advantages of this insurance is the peace of mind it provides to managers and administrators, allowing them to focus on business growth without the constant fear of having legal differences. The solution helps to ensure that the company is prepared to face audits and inspections effectively, without compromising financial stability. By covering the costs associated with legal proceedings and fines, the insurance protects the company’s assets and its executives.

Another benefit is the protection of the company’s reputation. By ensuring that the organization is in compliance with legal provisions, insurance helps to preserve the company’s trust and credibility in the market. This not only protects the competitive position of the company, but can improve opportunities for growth and expansion, attracting new business and investments.