2019 Directors & Officers Insurance Guide
Increasing scrutiny of corporate behaviour and a claim-friendly legal environment have accelerated claims for wrongful acts made against directors in recent years. There have been many allegations including breach of duty, neglect, breach of contract, breach of employment legislation and breach of health and safety legislation.
Whether your company is a start-up or small-to-medium sized enterprise (SME), senior managers can make mistakes. In today’s world, managers face a growing threat from legal and regulatory liabilities which could result in costly investigations, criminal prosecutions or civil litigation, which puts the company’s assets, and their own, at risk.
Directors’ and Officers’ (D&O) Insurance policies provide essential financial protection for directors and officers against the consequences of actual or alleged wrongful acts. Policies not only cover the personal liability of company directors and officers but also the reimbursement of the insured company in cases where it has paid the claim of on behalf of a director or employee in order to protect them from a third party.
As business insurance experts, we put together tailored insurance solutions for organisations of all sizes and this Guide answers the most frequently asked questions from the clients we work with when it comes to D&O insurance.