Procurement of directors’, officers’ and supervisory officers’ liability insurance for SCML

Summary

Santa Casa da Misericórdia de Lisboa is procuring a directors’ and officers’ liability insurance policy covering its administrators, directors and supervisory officers, including those serving in its games department and specified controlled or affiliated entities. The policy has a total indemnity limit of €10 million per claim and insurance year, with specified sublimits for key types of costs and liabilities. The initial term is 12 months, with one possible 12-month renewal, and the maximum total contract value is €140,000 excluding VAT.