BritMark Financial Advisors

[index.html] STORIES The main thing in getting the aim is one's great wish! Natalia Kolomiets is the only one Kiev born person in the company. She possess more that 3 years of insurance business experience. Up to date there are more that 40 corporations that are among Natalia’s clients. Her second education in Financial Management was gained at KMBS. PRODUCTS Directors and Officers Liability Insurance The decisions that senior officers and supervisory board members of companies make, and the way they make them, no longer simply affect the success of their company and their own careers. Increasingly there is also the risk of personal litigation and unlimited financial liability for the consequences arising from those decisions. This threat of personal litigation has increased rapidly over the past few years all around the world, from an ever-widening source including shareholders, employees, environmental groups, regulatory bodies, creditors, banks, customers and suppliers. Furthermore, with the widening of their markets, corporate management is exposed to the local jurisdiction of every country their products or services reach. Experience has shown that directors are most vulnerable when their companies undergo significant changes in shareholdings, suffer trading losses, decide on mergers, take-overs, disposals and acquisitions, or issue shares. Senior officers and supervisory board members of Ukrainian companies are liable for wrongful acts in their respective capacities as such. The financial implications of a legal action against a senior officer could be severe as the potential liability is unlimited and the legal costs incurred in a defence can be prohibitive. They could be sued within five years regardless of holding their positions in the company. As Ukraine will harmonize more with the EU directives, the imperative rule clearly increased the Senior Officer's liability, such that an increased degree of care is expected. This insurance policy is designed to provide cover for senior officers and supervisory board members of companies in respect of their potential exposure to the personal liability, which can arise from wrongful acts committed while carrying out their duties as such. Loss under the policy includes the legal costs and damages, which can arise in the event of such an action. Cover Insured acts include: Breach of duty Breach of trust Neglect Error Misleading statement Omission or breach of warranty or authority Additional Coverages Additional coverages include: Employment Practices Liability: directors, officers and individual employees are covered against claims brought against them alleging employment discrimination, wrongful termination or sexual harassment. Entity Coverage: the company is included as an insured for securities claims and employment practices claims Customer Profile Any large or medium-sized company or organization, including Financial Institutions. The management of entities engaging in mergers, acquisitions or divestiture activity, or who suffer after-tax losses, is especially susceptible to this type of claim. Information Required Fully completed specific questionnaire Latest financial statements Geographical presence Claims history This Product Profile serves as a guide to the cover given by the policy and is subject to standard policy terms, conditions and exclusions. Contents designed Finport Tech. & UFO Design Kyiv , Saksaganskogo str, 112. Tel .: +38 044 2796054 +38 044 2796028 Fax: +38 044 2286979 office@brit-mark.com