Directors and Officers Liability

In today’s complex and highly regulated environment, it is all too easy for businesses to make mistakes. The implications for the directors can be costly and sometimes ruinous.

By taking out our cost effective directors and officers (D&O) liability insurance, you can safeguard against a raft of thorny legal and regulatory issues that could otherwise derail your business.

Why do I need it?

Disqualification: The consequences of disqualification – which can be from two to 15 years – are far-reaching. Even when a ban has expired, an individual’s credit history and reputation remain permanently compromised, so it is important to have the resources in place to help avoid such a situation.

Complaints and personal liability: The costs of being investigated can be high – even if the complaint does not hold water. A properly designed insurance policy will minimise the risks. D&O insurance also covers legal costs and awards made against directors in cases where they have not been dishonest or fraudulent, but are found personally liable due to insufficient care.

D&O insurance for SMEs: Smaller businesses are especially vulnerable to legal actions against the directors because they do not have inhouse risk management and legal teams. If mistakes are made, disgruntled employees can pursue employment tribunal claims that sometimes last for months and take up enormous amounts of management time.

How do I get in touch?

To discuss your detailed insurance needs, speak to our friendly specialists by calling 01772 55 55 76 or click here to send an email to our team.