Directors & Officers Liability Insurance

Directors and Officers Insurance

Directors and Offices Insurance (also known as D&O Insurance) covers the cost of compensation claims made against your business's directors and key managers (officers) for alleged wrongful acts.

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

Unfortunately, in the current climate, directors and officers are under increasing scrutiny and it is commonplace for allegations of wrongful acts to be made.

A D&O policy should offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties.

Any allegations of wrongdoing need to be investigated and defended and this can cost a significant amount even if the case does not reach court. This means directors' and officers' personal finances are at risk, it is essential companies provide protection through directors and officers (D&O) liability insurance.

The world is changing

We know that individuals have become very vulnerable. Trade Unions may have all but disappeared, but nowadays, most employees know their employment rights and are increasingly likely to sue. Legal liability is shifting away from companies and towards personal liability and regulators are now more proactive in investigating companies.

Did you know the US has by far the world's largest D&O market and from 2000 to 2008 over 40% of D&O claims were employment related. In most cases the managers did not act themselves, they simply did not enforce employee conduct rules against discrimination and harassment.

So considering that even simple investigations can cost thousands, if not hundreds of thousands of pounds, purchasing D&O cover makes sound financial sense.

And we can help you do just that.

Please get in touch with us today so we can help you with your Directors & Officers Insurance solutions and to protect your business.

Get In Touch Today