Company directors and business managers face immense pressure to act in the best interests of their organisation while balancing the expectations of stakeholders, investors, and regulators. However, even with the best intentions, mistakes, allegations of mismanagement, or breaches of duty can occur—leaving directors and officers personally exposed to legal action.
Directors and Officers Liability Insurance provides essential protection for business directors, officers, and managers against personal legal liabilities arising from their corporate management duties.
What is Directors & Officers Insurance?
Directors and Officers (D & O) Insurance is designed to protect individuals in leadership roles from the personal financial risks they face while managing a company. It provides coverage for legal and financial liabilities that may arise from claims of wrongful acts, breaches of duty, or negligence in their capacity as directors or officers.
A typical D & O Insurance policy can provide cover for:
- Representation costs if a director or officer is legally required to attend an investigation into the affairs of the corporation.
- Legal costs and expenses associated with defending and investigating claims made against directors or officers.
- Compensation payments required to resolve claims, ensuring the financial burden does not fall directly on the individuals involved.
How Coverforce can help
At Coverforce, we understand the risks directors and officers face when managing a company. That's why we take the time to assess your risk requirements and exposures and work hard to deliver a tailored insurance solution to cover you, not just your company.
For more information or to speak to one of our brokers about arranging cover, please contact us.
Alternatively, you can simply fill out a Directors and Officers Insurance Quote form below and one of our insurance brokers will get in touch with you within one business day.
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