How To Use
This review list is provided to inform you about the document in question and assist you in its preparation. Director indemnity is a right all directors deserve for devoting their time, energy, money, and good name to your organization. In this litigious world, this indemnity is a simple and fair way to protect them, their assets, and their peace of mind, while assisting your enterprise. Director’s liability insurance is available but tends to be expensive in this day and age. You could use this document pro-actively to show your director(s), including inside ones, that you care about their concerns as you wish them to care about those of your company.
Sign multiple copies with an original to be retained by each signing director, one to be held with the corporate minute book, and another in the director or directors’ file at the company.