Directors and officers can be held personally liable for the legal costs and payment of successful claims brought by investors, staff, regulatory bodies and other third parties for alleged mismanagement of, or operation of, a company.
At Protean Risk we negotiate D&O insurance for our clients on a standalone basis and as part of a professional liability package, which combines D&O with Professional Indemnity Insurance. Our Lloyd’s Broker status gives us access to a wide selection of D&O providers so we can provide choice to our clients, particularly when their requirements are very specific.
Our aim is to conduct the majority of our broking in person, promoting a better level of understanding for underwriters with the objective of negotiating superior terms.
We engaged Protean to provide the full range of insurance for Crowdcube. As a rapidly growing business, we needed a specialist broker that can provide the depth of expertise, whilst retaining a personal service and having been personally introduced to Protean, we are delighted that they have met all of our expectations and we would happily recommend them.
After speaking to a number of potential providers, we chose Protean to arrange our PI cover because we were impressed by their understanding of the unique characteristics of the specific niche market that we operate in and their ability to source bespoke cover at a competitive cost. I have no hesitation in recommending their services.
...Protean really understand the insurance needs of small growth businesses in the tech space and they were very quick and responsive sourcing cover for us at a competitive rate.
Protean Risk was incredibly helpful and understood our business immediately. Most importantly they got us a deal we were very happy with in a really short space of time. In summary Great people to work with!
We needed to put in place our first policies after raising financing. We found Protean to be efficient, appropriate and very helpful. We will use them next time!