Corporate Liability Insurance in Iran
Short answer
Corporate liability insurance in Iran addresses the risks of companies and their management rather than physical operations. Two products are offered: directors and officers (D&O) insurance, protecting board members against shareholder lawsuits and claims of breaching the duty of care under the Commercial Code, and cyber liability insurance, covering data breaches, ransomware and the duties of Article 58 of the Electronic Commerce Act. Both fund the legal defense of the insured and pay proven damages up to the policy limit, with premiums issued upon official quotation.
Persian category page (authoritative): /liability/corporate
Corporate Liability products in full English
For online shops, service platforms, fintech and software companies and any business processing customer data.
Cyber liability insurance in Iran compensates customers and third parties for damage caused by unauthorized disclosure of personal data, ransomware attacks and service interruption, and covers notification, forensic investigation and data recovery costs, plus legal defense in data claims, up to the policy limit, in line with the E-Commerce Act duties.
Read the full English guideFor board members, chief executives and senior managers of joint-stock, listed, knowledge-based and holding companies.
Directors and officers liability insurance in Iran covers the personal liability of board members and executives for claims arising from managerial decisions, breaches of the duty of care and disclosure disputes, including shareholder lawsuits and regulatory proceedings, and funds the legal defense costs, up to the policy limit, excluding proven intentional fraud.
Read the full English guideOther liability categories in English