Directors and Officers Liability Insurance

Directors and Officers insurance (D&O insurance) offers financial protection and peace of mind, should a claim be made against you.

What is Directors & Officers Liability Cover?

The directors and officers of a company are in a position of responsibility. Directors, managers and supervisors can face allegations and claims for which they may be held personally liable.

This policy protects you financially against any claims that are made against you personally in your position as a director, partner or officer of your business.

D&O cover is paramount, as unfortunately even in a Limited company, directors and officers cannot hide behind the veil of incorporation and their personal liability is unlimited.

Do I need Directors & Officers Liability Insurance?

In our increasingly litigious society, it is becoming more common for allegations of wrongful acts to be made against directors and officers. All allegations would need to be investigated and defended, incurring significant costs.

Directors and Officers Liability insurance covers costs associated with the defence of an allegation of a wrongful act. A wrongful act could be a breach of trust, breach of duty, neglect, error, misleading statement or wrongful trading.