Corporate LiabilityWho it is for: board members, chief executives and senior managers of joint-stock, listed, knowledge-based and holding companies.

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?

CoverageDescription
Shareholder and stakeholder claimsCover of defense costs and damages in minority shareholder lawsuits, claims of harm to share value and disputes over assembly resolutions.
Breach of managerial dutiesCover of claims arising from decisions contrary to regulations and breaches of the duty of care and supervision, excluding documented intentional breach.
Legal defense costsAttorney fees and court costs before judicial authorities, the Securities and Exchange Organization and other regulatory bodies, even in dismissed claims.
Reporting and disclosure liabilityCover of claims arising from financial reporting and information disclosure, conditional on the absence of documented intentional fraud.
Company cover and prior periodsWithin 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

  1. Quotation with financial statements

    Submit the quote request together with the latest financial statements and the list of directors; a limit is proposed accordingly.

  2. Underwriting review

    The insurer reviews the industry, governance structure and claims history, and issues an official proforma invoice.

  3. Premium payment

    Pay through the banking gateway or a bank receipt; cover starts the moment issuance is confirmed.

  4. Policy delivery

    The printed and electronic policy with its general conditions is delivered within one working day.

How to claim — step by step

  1. Immediate notification

    Report any claim, demand letter or regulatory notice to the agency as soon as it is received; late notification can complicate cover.

  2. Claim form and documents

    Complete the claim form and submit the demand, summons or regulator letter together with the relevant resolutions and minutes.

  3. Defense coordination

    The insurer coordinates the selection of counsel; attorney fees and court costs are advanced within the policy limit.

  4. Assessment of the claim

    The adjuster examines the decision under challenge, the documentation and the exclusions, including intentional fraud.

  5. 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.