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.
While Director and Officers insurance has a wide reaching scope of cover, there are a couple of areas generally excluded under the policy.
Typical exclusions may include: fraudulent or dishonest acts committed by the insured, or an intentional breach of law by insured parties, personal profit or advantage gained by the insured to which the insured is not legally entitled, pending or prior litigation, late notification of a claim to the insurance company, insured versus insured claims.
Note: Please always refer to your specific policy wording for the exact policy exclusions and the terms and conditions applicable to you.
Need to get in touch with the team? Please fill out the form and our team will get in touch shortly.
