Do you know that as directors of a business, you can be found personally liable for breaching statutory duties?
Do you know if your company’s shareholders or investors have blamed directors personally for their losses?
Do you know how to protect yourself against Police and SFO investigations where fraud is suspected?
Do you know what actions you should take to mitigate against a loss?
Do you know what impact an HSE investigation would have on your business?
Do you know how to protect yourself against actions brought by HMRC where insolvent trading or misappropriation of tax payments is suspected?
Do you know how much information to disclose about the risk you are seeking to insure?
Do you know what simple risk management steps you can take to avoid having to make a claim?
Do you know that directors of a business are at risk in the event of a cyber or data breach?
Do you know how to protect yourself against actions brought by liquidators, where they suspect wrongful trading or incorrect payments to creditors?
If your answer to any of these questions is “No” then please call us for a chat
about Directors & Officers Insurance.
Directors and Officers (D&O) Insurance is a type of liability insurance designed to protect the personal assets of directors and officers of a company in the event they are sued for alleged wrongful acts committed in their managerial roles. These wrongful acts could include decisions, omissions, or breaches of duty that result in financial losses or legal claims against the company.
D&O insurance provides coverage for legal defence costs, investigations, settlements, and judgments that arise from such claims. In addition, some policies include a PR crisis management service covering your costs in using public relations specialist to deal with adverse press, publicity or media attention where there is a risk to your livelihood as a consequence of such attention.
D&O Insurance is important because directors and officers can be held personally liable for their decisions and actions, and their personal assets could be at risk without adequate protection. This is the case also with directors and officers of limited companies and not-for-profit companies, like property RTM (Right-to-Manage) companies.
This insurance is essential to attract and retain qualified individuals for leadership roles within a company, as it helps mitigate the financial risks associated with their responsibilities. D&O insurance is typically purchased by the company on behalf of its directors and officers, and it can be customised to address the specific risks and needs of the organisation.
Our expertise and business relationships make us your best partner for your insurance requirements.
You can rely on us to arrange your insurances, leaving you to focus on what matters to you.
We use our Loss Assessing experience to advise you on the most suitable policy, and to help you understand and navigate the insurance claims process.
Our tailor-made advice safeguards you against the worst that could happen.
You can contact our expert brokers for a personalised insurance quote using the details below or alternatively fill in the form and arrange a time for us to call you.