Directors & Officers Liability Insurance

Protects directors, officers and other employees with managerial responsibilities from costs that they may become personally liable to pay as a result of litigation by various parties including shareholders, government bodies, regulators, liquidators/receivers, creditors and other third parties.Cover includes defence costs, settlements and damages but also the expertise of your insurers in defending claims on your behalf.

Cover can be extended to include:

Entity Extension – This provides an additional indemnity for claims made against your company (rather than an individual director or officer) for wrongful acts, for employment related wrongful acts and legal representation expenses in respect of any investigation under the Health and Safety at Work Act 1974.
Employment Practices Liability – This protects your company against the financial impacts of employment legislation tribunal claims. Cover includes damages, judgements, settlements, defence costs and claimant’s costs, for which you may be legally liable, legal representation costs for employment investigations, the cost of paying wages from the date of dismissal to the date of judgement and punitive and exemplary damages where insurable by law.
Cover is on a worldwide basis (except USA which can be added by separate endorsement) and also includes acts committed prior to inception of the policy, provided the claim is brought within the policy period.