Directors & Officers Insurance
Because we’re only human – and humans sometimes make mistakes – it’s worth considering taking out directors’ and officers’ liability insurance if you are a director, trustee or senior manager of a company.
Directors and officers liability insurance explained
If you make a mistake such as a poor decision or offer incorrect advice, and that mistake has an impact on employees, shareholders and other interested parties, they can make a claim against you and hold you personally liable. Without adequate D&O insurance, this can prove very costly and affect both your business assets and your personal assets as well.
Affected parties have the right to pursue a claim against you, regardless of what sector you operate in, so it’s worth discussing your D&O insurance needs with our business insurance brokers.
The directors’ liability insurance we’ll arrange for you as part of your business insurance package includes a wide definition of director to include employees in a management or supervisory capacity, so your full management team is protected.
A D&O insurance policy will typically include a solicitor-backed legal helpline and provide cover for employment practises disputes.
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