Directors and Officers Liability Insurance
Protect Your Directors and Officers Against Claims For Alleged Wrongful Acts.
Directors and Officers (D&O) Liability Insurance protects the personal assets of corporate directors and officers. It offers financial security against claims for alleged wrongful acts that could arise in their managerial roles.
This insurance acts as a vital safety net, allowing business leaders to focus on their responsibilities without the constant worry of personal financial loss from mismanagement or breach of duty allegations. D&O insurance is an essential part of a solid risk management strategy, making it easier for organisations to attract and keep top leadership talent.
What does it cover?
D&O Liability Insurance covers a variety of potential claims that can emerge from different management decisions and practices. It includes protections against allegations of negligence, breach of fiduciary duty, and errors in judgement.
This insurance helps cover the costs associated with legal defence, settlements, and judgments from such claims, giving directors and officers peace of mind as they navigate their organisations through complex challenges and opportunities.
Who Needs Directors and Officers Liability Insurance?
The need for Directors and Officers Liability Insurance isn’t just for large corporations; it’s also crucial for nonprofit organisations and smaller private companies. Any organisation with a board of directors can benefit from this coverage, as directors and officers might face legal action from stakeholders like shareholders, employees, regulators, and customers.
In today’s increasingly litigious world, having D&O insurance is a smart choice for any organisation dedicated to protecting its leaders and ensuring confident, stable governance.
