Directors and Officers Liability

Overview
Claims against directors and officers can be brought by a number of parties, including but not limited to shareholders, customers, suppliers, employees, creditors and regulatory groups. The ever-increasing power of regulators in the areas of health and safety, the environment, employment and corporate governance is fuelling a growth in litigation. Where you’re not able to protect the financial assets of a director or officer through indemnification, the costs involved will detract from your balance sheet.

Key Features
Typical cover:

• Wide definition of ‘insured’ to include all employees acting in a managerial capacity.
• Legal costs and expenses and any civil damages.
• Automatic cover for spouses, heirs and legal representatives named in proceedings.
• Automatic protection for retired directors and officers for 72 months.
• Blanket cover for outside directorships of non-profit organisations and associated companies.
• Defence and investigation costs against regulatory actions including Health and Safety Executive prosecution.
• Additional defence costs for insured persons should the limit of indemnity be exhausted and indemnification from the company is unavailable.
• Costs of using a public relations consultancy to manage a crisis event.

Please note that all product and scheme information featured in this site is provided as an indicative guide to general cover only and can change at short notice. For full details of cover and exclusions, please contact us.