Legal representation costs
Cover for representation costs when Directors or Officers are required by law to be present for an investigation or inquiry regarding the organisation.
Directors and Officers take on a significant amount of responsibility in carrying out their duties and obligations when running a company. This leads to a significant degree of financial exposure to Directors and Officers if they are found personally liable for any alleged or actual wrong doing.
Directors and Officers insurance is designed to provide the company and its directors and officers, with protection against the risks of managing a business.
You can incur substantial financial loss if you are deemed liable for causing loss or damage to a third party as a result of your actions or lack of an appropriate response.
Claims under Directors and Officers Liability insurance can be made following wrongful acts committed against:
Director and Officers insurance can empower you to make decisions for your business with confidence knowing that your personal assets are protected.
Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer specific policy wording for inclusions, exclusions, terms and conditions.
Cover for representation costs when Directors or Officers are required by law to be present for an investigation or inquiry regarding the organisation.
Cover for legal fees and costs incurred in the investigation and defence of a Directors and Officers claim.
Cover for any compensation or damages payable as a result of the Director and Officers claim outcome.
With the events of the last years still heavily impacting the way in which we live and how businesses operate, the top global risks for businesses in 2022 will come as no surprise.
Cyber risk continues to be a leading risk for Australian businesses in a post-pandemic world. As Australians continue to work remotely, relying heavily on digital platforms to interact and conduct business transactions - cybercriminals are taking advantage. Understand how you can mitigate the risk of cybercrime and minimise the damage inflicted by a cyber-attack.