Director & Officers Insurance

A director and officers liability insurance policy indemnify the organisation and its directors, officers, and trustees for damages and defence costs arising from lawsuits alleging “actual or alleged wrongful acts” not covered under the organization’s general liability policy. These types of allegations fall into two main areas: employment-related issues and governance and fiduciary issues.

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*Please note our services are tailored towards UK residents and domiciled persons.

Director & Officers Insurance

A director and officers liability insurance policy indemnify the organization and its directors, officers, and trustees for damages and defence costs arising from lawsuits alleging “actual or alleged wrongful acts” not covered under the organization’s general liability policy. These types of allegations fall into two main areas: employment-related issues and governance and fiduciary issues.

Schedule a Free Consultation

*Please note our services are tailored towards UK residents and domiciled persons.

Employment practices claim: The most common and costly D&O claims are related to employment practices. Employee termination triggers the majority of employment-related claims against nonprofits and accounts for a majority of total awards. D&O policies can pay for legal fees, judgments, settlements and other court costs. Without D&O coverage, directors are personally liable and must pay these expenses out of their own pockets. For this reason, some individuals might be unwilling to serve as directors or officers if your organisation doesn’t provide adequate D&O insurance.

While the direct costs of litigation and settlement can be expensive, litigation has other significant costs to the organization, including the time requirements.

Employment practices claim: The most common and costly D&O claims are related to employment practices. Employee termination triggers the majority of employment-related claims against nonprofits and accounts for a majority of total awards. D&O policies can pay for legal fees, judgments, settlements and other court costs. Without D&O coverage, directors are personally liable and must pay these expenses out of their own pockets. For this reason, some individuals might be unwilling to serve as directors or officers if your organization doesn’t provide adequate D&O insurance.

While the direct costs of litigation and settlement can be expensive, litigation has other significant costs to the organization, including the time requirements.

Insurance is available for up to 12 years. May I assist you? As specialists in this field, we are happy to guide you through the process of arranging insurance-backed guarantees.

Discover the advantages of an insurance-backed guarantee and how it can provide added security and peace of mind. Learn how these products work and the types of events they cover, as well as the different risks and costs associated with them.

We’ll also help you understand the potential benefits and drawbacks of a particular product, and provide tips and advice on how to choose the best coverage for your needs.