Directors & officers · D&O
Directors & Officers insurance for management decisions and actions.
Cover for the people who carry the responsibility for running the company.
Board members, managers and senior executives can face claims connected with decisions or omissions in the course of their duties.
D&O insurance can meet, on the terms of the policy, defence costs and other financial consequences of covered claims.
Who it covers
Which people can be insured.
Depending on the policy and the structure of the company:
- Board members
- Managers
- Senior executives
- Others holding management responsibilities
Exactly who is insured, and how far the cover goes, is set by the policy.
The cover
What it can cover.
- Defence costsLegal costs of responding to a covered claim.
- Claims against executivesThe financial consequences of claims connected with acts or omissions in the course of management duties.
- Investigation costsWhere provided, costs relating to formal investigations or proceedings.
- Cover for the companyIn certain circumstances and on specific terms, a policy may extend to the company itself.
The design
The right cover follows the structure of the company.
Size, legal form, activity, management structure and exposure to claims all shape how the cover is put together.
We work through those and help you compare the options available.
Common questions
Worth knowing.
Does a small or family company need D&O?
Size is not the test. If there are shareholders outside management, external lenders, or a succession under way, there is a potential claimant.
How does it differ from professional liability?
Professional liability concerns the services the business provides to its clients. D&O concerns how the business itself is run.
Is dishonesty covered?
No. Fraudulent and deliberate acts, and illegal personal profit, are excluded.
Orientation
Which liability insurance does my business need?
Four distinct covers that are routinely confused with one another. The deciding factor is not the size of the business but the source of the liability.
- The operationCommercial general liabilityInjury and property damage to third parties arising from your premises, activities and products.
- The servicesProfessional liabilityFinancial loss to a client from an error or omission in your design, service or advice.
- The dataCyber insuranceDigital incidents, data, systems and the obligations that come with them.
Let us look at what your board needs.
We start from the shareholder structure, the shape of the group and the decisions ahead of you.