Directors’ and Officers’ Insurance (D&O Insurance) is an essential type of business insurance that can help to protect company directors, officers and key managers if they are sued for an alleged wrongful act including breach of trust, breach of duty, neglect, error, misleading statements or wrongful trading.
Compensation claims can be made against individual directors and officers personally by a wide range of aggrieved parties – from customers and employees to government bodies and regulators – with expensive and sometimes life-changing implications for the individuals involved. In the more extreme cases, punishment can include a prison sentence.
Essential cover to protect you
D&O insurance will cover both the costs of defending yourself against proceedings as well as any compensation payments that may be awarded if an aggrieved party can prove that you have failed to act in the best interests of the company or have not complied with your statutory duties.
Our business insurance brokers can advise you on an appropriate D&O insurance policy to meet your needs. Simply call the team on 01475 728 221 or email firstname.lastname@example.org.