D&O liability insurance
is a type of liability insurance that covers directors and officers of a company against claims arising from actions or decisions made in their official capacity. This insurance helps to protect their personal assets and the financial health of the organisation they serve.
Why do you need D&O liability insurance?
Legal costs
Covers legal costs if a director or officer is sued for alleged wrongful acts in their official capacity.
Covers the personal assets of directors and officers
Directors and officers of a company can be held personally liable for certain decisions or actions and lose their own assets as a result.
Attracting & retaining better talent
Is a key factor in attracting and retaining high calibre executives as it provides them with security against potential liability.
Key features of D&O liability insurance
Comprehensive cover
- Covers a wide range of misconduct, including misrepresentation, negligence and breach of duty.
Coverage for past acts
- Includes wrongful acts committed before the policy was purchased but claimed during the active policy period.
Reputation protection
- Some policies cover the costs of public relations to protect the policyholder’s public image in a crisis.
