Directors and Officers (D&O) Liability Insurance in Iran
For board members, chief executives and senior managers of joint-stock, listed, knowledge-based and holding companies.
Persian twin page (authoritative): /liability/corporate/directors-officers
Short answer
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.
The final premium is issued upon official quotation — no premium figures are published on this site.
Who needs this policy?
- Board members and chief executives of public and private joint-stock companies
- Non-executive directors and independent board members
- Companies admitted to the stock exchange and over-the-counter market subject to corporate governance rules
- Directors of startups, knowledge-based companies and investment holdings
- Other senior staff with managerial responsibility within the agreed scope of cover
What is covered?
| Coverage | Description |
|---|---|
| Shareholder and stakeholder claims | Cover of defense costs and damages in minority shareholder lawsuits, claims of harm to share value and disputes over assembly resolutions. |
| Breach of managerial duties | Cover of claims arising from decisions contrary to regulations and breaches of the duty of care and supervision, excluding documented intentional breach. |
| Legal defense costs | Attorney fees and court costs before judicial authorities, the Securities and Exchange Organization and other regulatory bodies, even in dismissed claims. |
| Reporting and disclosure liability | Cover of claims arising from financial reporting and information disclosure, conditional on the absence of documented intentional fraud. |
| Company cover and prior periods | Within the agreed framework, claims brought against the company and events of prior periods are covered with uninterrupted renewal. |
What is not covered? (Exclusions)
- Intentional crimes, documented fraud and personal misappropriation of company assets
- Private dealings of a director outside the scope of duties for personal gain
- Claims presented before the start of cover and already known to the director
- Criminal fines and final criminal penalties
- Loss from withholding information or intentional non-disclosure of records to the insurer
- Director-versus-director claims within the same company, unless expressly scheduled
Issuance conditions
- Formal registration of the company and declaration of the full management structure at issuance
- Accurate declaration of the financial statements and of current and past claims
- Immediate notification of any claim or warning letter received, within the policy deadline
Required documents
- Company registration notice and latest changes from the Companies Registration Office
- Latest audited financial statements of the company
- List of directors, the chief executive and positions with national ID numbers
- Latest D&O policy, for claims history and prior-period cover
- Recent assembly and board minutes, where the adjuster requires them
How to buy — step by step
Quotation with financial statements
Submit the quote request together with the latest financial statements and the list of directors; a limit is proposed accordingly.
Underwriting review
The insurer reviews the industry, governance structure and claims history, and issues an official proforma invoice.
Premium payment
Pay through the banking gateway or a bank receipt; cover starts the moment issuance is confirmed.
Policy delivery
The printed and electronic policy with its general conditions is delivered within one working day.
How to claim — step by step
Immediate notification
Report any claim, demand letter or regulatory notice to the agency as soon as it is received; late notification can complicate cover.
Claim form and documents
Complete the claim form and submit the demand, summons or regulator letter together with the relevant resolutions and minutes.
Defense coordination
The insurer coordinates the selection of counsel; attorney fees and court costs are advanced within the policy limit.
Assessment of the claim
The adjuster examines the decision under challenge, the documentation and the exclusions, including intentional fraud.
Settlement or judgment
Compensation or a settlement is paid within the policy limit after liability is established; criminal fines remain excluded.
Claim notification deadlines and assessment details follow the policy general conditions and the Iranian Insurance Act (Article 30 practice: notification within five working days).
FAQs — Directors & Officers (D&O) Liability Insurance
Legal sources
Amendment of Parts of the Commercial Code Act (1968) — Article 143 — directors' duty of care toward the company and third parties
Civil Liability Act of Iran (1960) — Articles 1 to 11 — fault-based civil liability
Iranian Insurance Act (1936) — General provisions on liability insurance
General Conditions of Liability Insurance — Central Insurance Regulation No. 57
Iranian statutes are authoritative in Persian; English titles above are orientation references.
Reviewed by the Iran Liability Insurance content team
Reviewed by the licensed team of Agency No. 20616 of Bimeh Iran, specialized exclusively in liability insurance.
Legal review: licensed team of Agency No. 20616, Bimeh Iran — Last reviewed: 24 October 2026
Get Directors & Officers (D&O) Liability Insurance through the official Bimeh Iran agency
The online quote form is in Persian. English-speaking visitors may submit inquiries by email in English, and a consultant will respond in English. The quotation is issued on current Bimeh Iran tariffs after the limit of liability is agreed.