Directors liability insurance needs of Review

Typical of directors liability insurance typically include some personal protection and security of the company. Personal insurance needs can be used to explain risk aversion, and the company's demand for insurance has been a theory of economics and finance companies a major problem. The first Mayers and Smith (1982) put forward the seven major insurance companies to purchase motive, and added after the extension later formed a variety of directors liability insurance needs of the proposition. After the 1990s, researchers and the implication of these theoretical proposition of a positive test, has made some of the research results.