IRA Class 33 · General
Directors' & Officers' Liability in Kenya
Personal liability cover for directors and officers under IRA Class 33.
What does Directors' & Officers' Liability cover?
Pays defence costs and damages personally claimed against directors and officers for alleged wrongful acts in their management roles.
Who needs Directors' & Officers' Liability?
Listed companies, NGOs, SACCOs and SMEs with formal boards.
Examples of Directors' & Officers' Liability policies in Kenya
- Side A/B/C D&O cover
- Standalone Side A protection
Frequently asked questions
Does D&O cover the company itself?
Side B reimburses the company when it indemnifies directors; Side C extends to certain securities claims against the company.
Regulation
Directors' & Officers' Liability is licensed under Class 33 of the Insurance Act (Cap 487) and supervised by the Insurance Regulatory Authority (IRA). Only insurers holding a current Class 33 licence may underwrite this cover in Kenya.