Directors & Officers Insurance
Directors & Officers (D&O) Liability Insurance provides protection for both personal and corporate assets where claims are made against an individual while serving on a board of directors and/or as an officer. D&O can be written to cover directors and/or officers of for-profit businesses, privately held firms, educational institutions, and not-for-profit organizations.
If you are a member of a Board of Directors, it makes sense to protect the individuals on that board from any personal liability for their service whilst on the board. Many people serve on boards for altruistic reasons, and that makes it particularly important that they are protected as they diligently perform service to the organisation.
Overview
D&O covers legal fees, settlements, and other costs associated with claims made against directors or officers by employees, vendors, investors, customers or other parties for decisions made in their role as company managers.
What Covers are Available?
- Directors & Officers Liability
- Benefit Plan Liability
- Corporate Legal Liability
- Employment Practices Liability
- Pension Plan Assets
- Crime including Identity Theft/Social Engineering
Whats Next?
Getting Cover is Easy with no complicated forms:
- Call us with some simple details
- Complete our online form
- Provide your activity & your turnover
- Details of Changes to the Business
- Decide on the Covers you want
FAQ
- Are legal defense costs covered?
- Why do I need D&O Insurance?
- How does the policy’s limit of liability apply?
- What is typically excluded under a D&O policy?
- Why Brady Insurance?
- Can I get D&O Cover as an Individual?
- What is Side A & Side B Cover in D&O?
Examples of Claims
- Breach of fiduciary duty resulting in financial losses and/or bankruptcy
- Misrepresentation of company assets
- Misuse or misappropriation of company funds
- Failure to comply with workplace laws
- Lack of adequate corporate governance
- Failure to follow Safey Protocols that are Legally Required
- Director Sued for inappropriate behaviour to an employee
- Defect in Company Vehicle not properly maintained leads to fatal accident
- Director Versus Director Action, ie Financial misappropriation, negligence, breach of duty
- CEO makes executive decisions without Board Approval, leading to suit against CEO
- Dismissal Case leads to claim against company directors under GDPR Rules
- Company sued for defamation of a supplier
- Former CEO sued by board for diverting business to new company
- Disgruntled board member sues board for denying him his pension entitlements
- Corporate Manslaughter Judgement due to driver falling asleep at wheel causing collision. Held that firm did not ensure adherence to driving safety protocols
- Acquisition Issues, Firm sued for fraudulent misrepresentation of the financial standing of the company to the Acquirer
Who needs Directors & Officers?
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