Board members of municipal enterprises face personal, unlimited liability, which is further exacerbated by the unique characteristics of the public sector. D&O insurance protects their assets and covers the costs of defending against claims for damages.
KPMG Law expert Ulrich Keunecke discusses this in detail in the article.
“A professionally negotiated policy not only protects the personal assets of those involved, but also shields the government from reputational damage, budgetary burdens, and protracted legal disputes.”
You can find the full article here (paywall).
Partner
Head of Sector Legal FS Asset Management
Head of Sector Legal FS Insurance
Heidestraße 58
10557 Berlin
Tel.: +49 30 530199 200
ukeunecke@kpmg-law.com
KPMG Law
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