Directors & Officers Insurance
Protect the people who make decisions for your business.
Directors and Officers (D&O) Insurance protects directors, officers and key managerial personnel against claims arising from decisions and actions taken while managing a company.
Directors and Officers (D&O) Insurance protects directors, officers and key managerial personnel against claims arising from decisions and actions taken while managing a company.
We work with leading insurers
across General, Health and Life Insurance
What can Directors & Officers Insurance cover?
Depending on the policy selected, cover can include:
Claims Against Directors & Officers
Protection against claims alleging wrongful acts committed while acting in a managerial capacity.
Legal Defence Costs
Legal costs incurred in defending directors and officers against covered claims and proceedings.
Regulatory Investigations
Costs associated with certain regulatory investigations involving insured directors or officers, subject to policy terms.
Shareholder & Investor Claims
Claims alleging misrepresentation, breach of duty, inadequate disclosure or other wrongful management acts.
Employment-Related Claims
Certain claims involving wrongful termination, discrimination, harassment or other employment practices may be covered depending on the policy structure.
Entity Cover
Certain policies can extend protection to the company itself for specified claims.
Outside Directorships
Cover may be extended to directors serving on the boards of other organisations at the company's request.
What could lead to a claim against a Director?
A D&O claim does not necessarily mean that a director has committed fraud or deliberately done something wrong.
Claims can arise from allegations involving:
- Breach of fiduciary duty
- Misrepresentation or inadequate disclosure
- Decisions affecting shareholders or investors
- Regulatory non-compliance
- Employment-related decisions
- Mismanagement of company affairs
- Conflicts of interest
- Mergers, acquisitions or fundraising
- Insolvency or financial distress
- Decisions affecting customers, lenders or other stakeholders
Even where the allegation is successfully defended, substantial legal costs may be incurred.
Who should consider D&O Insurance?
D&O Insurance should be considered by:
- Private limited companies
- Public companies
- Startups with external investors
- Venture capital / private equity-backed companies
- Financial services businesses
- Regulated businesses
- Companies raising capital
- Companies with independent directors
- Companies with overseas operations
- Companies with significant shareholder or stakeholder exposure
Why choose Directors & Officers Insurance?
Protect personal assets
Directors and officers can potentially face personal financial exposure arising from claims made against them in their managerial capacity.
Protect your leadership team
D&O insurance allows senior management to make business decisions knowing that insurance protection is available for covered management liability claims.
Meet investor and board expectations
Institutional investors, independent directors and senior executives may expect appropriate D&O protection to be maintained by the company.
Manage increasing regulatory exposure
Companies and their management operate in an increasingly complex legal and regulatory environment.
How much D&O cover does your company need?
There is no single sum insured that is right for every company.
The appropriate limit should consider factors such as:
- Annual turnover
- Total assets
- Industry and nature of business
- Shareholding structure
- Number and profile of directors
- External investors
- Fundraising activity
- Regulatory exposure
- Overseas operations
- Past or pending litigation
- Mergers and acquisitions
- Contractual requirements
Our corporate insurance team can help you assess these exposures before deciding an appropriate limit.
Already have a D&O policy?
We can review your existing policy and help you understand:
- Who is insured
- Policy limit and sub-limits
- Side A, Side B and Side C coverage
- Defence cost provisions
- Investigation costs
- Employment Practices Liability extensions
- Outside Directorship Liability
- Retired director protection
- Retroactive / prior acts coverage
- Major exclusions
- Claims notification requirements
- Premium and insurer options at renewal
Share your existing policy with us and our corporate insurance team can review it.
Frequently Asked Questions
Yes. Directors and officers can be named personally in claims alleging wrongful acts committed while managing the company.
Your directors make important decisions. Make sure they are protected.
Our corporate insurance team can help you understand your management liability exposures and structure appropriate D&O protection for your organisation and its leadership.
Coverage is subject to the terms, conditions, limits and exclusions of the policy issued by the insurer.