D&O insurance is important both for board members, by securing them against civil liability, as well as creditors, as it strengthens their chances of being paid when a board member’s personal assets prove insufficient. The purpose of this article is to analyse the general terms and conditions of D&O insurance available on the Polish market in order to identify differences in the proposed scope of coverage. The analysis is preceded by a description of legal sources of a director’s and an officer’s liability. The end of the article discusses current problems on tax issues related to D&O insurance premiums. The author concludes, among other things, that the recent economic crisis has forced entrepreneurs to take steps to improve efficiency while also limiting their exposure to risk. D&O insurance is undoubtedly an effective tool for supporting this strategy. Further development of the company liability insurance market segment (including D&O insurance) may therefore be expected, and hence the results of the paper have important theoretical and practical value.
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