Directors risk own wealth

A common misconception is that forming a company with limited liability limits the liabilities of company directors and officers. However, directors and officers can be sued in their personal capacity by a wide range of individuals and entities. Without adequate cover, you risk your own wealth…

What does D&O Liability insurance do?

Essentially, Directors and Officers Liability insurance protects company directors and officers (and other employees such as managers and supervisors) where they have been accused of wrongful acts including negligence or failing to act in the best interests of the company.

Claims against directors and officers can be brought by a wide group of people including employees, customers, suppliers, creditors, bankers and shareholders.

Furthermore, the increased power of the regulators in the areas of health and safety, environment, employment and corporate governance is fuelling growth in litigation. This has led to an increased need for insurance protection.

The good news is that our D&O policy covers your company’s past, present and future: directors, officers and those of any subsidiaries employees and employees of any subsidiaries, should they be co-defendants in a covered claim or acting in a managerial capacity on behalf of the company.

To find out more contact us