RTVE seeks legal protection for its executives ahead of the November 29 election

RTVE has published the tender for a directors' and officers' liability insurance policy, with coverage of 10 and 20 million euros and a submission deadline of November 10, three days before campaigning begins for the November 29 election.

The Financial and Economic Directorate of **RTVE** has proposed taking out a new directors' and officers' liability insurance policy. The purpose is "to cover the personal liability of directors and executives for damage caused to third parties as a result of their management duties" at the public corporation. The tender was published on the Transparency portal and the submission deadline expires on **November 10**.

## A policy with two coverage layers

The contract's justification report states that the new policy will keep the same structure as the current one, whose coverage runs until **December 31, 2026**. There will be two layers. The first sets a total compensation limit of **10 million euros** for all coverages and extensions combined. The second adds **20 million euros** in coverage.

The scheme mirrors that of the current policy, according to the tender documentation. In other words, this is not brand-new coverage from scratch, but a renewal of the existing one with the same limit structure.

## The timeline: November 10 and the November 29 election

The deadline for submitting bids is **November 10**, three days before the campaign for the general election on **November 29** begins. The current policy does not expire until the end of 2026, so the tender has been brought forward ahead of that expiry.

The timing overlap with the electoral calendar is the element that has drawn the most attention. The coverage protects managers' assets against third-party claims arising from their management, not against incivil liability.

## What a liability policy covers and what it does not

This type of insurance covers legal defense and civil compensation for damage caused to third parties in the course of the role. It does not cover incivil penalties or administrative fines, which are the personal responsibility of the individual concerned. Taking out these policies is common practice among public and private companies to attract and retain executives.

The tender affects the directors and executives of the corporation. The coverage amounts —**10 and 20 million euros**— refer to the maximum compensation limits, not to the cost of the premium, which does not appear in the published information.