Directors & Officers Liability insurance, or D&O, provides cover for Directors & Officers of Limited Companies, Partnerships and Not for Profit organisations for defence costs and legal liability for claims and prosecutions made against them personally while acting in their role within their business or organisation. It also covers costs incurred during investigations by regulators or other authorities.
Corporate Reimbursement (Corporate Legal Liability) covers the company and any subsidiary for investigations and claims made against it as a result of an actual or alleged act, error or omission.
Insurers pay claims for:
- Breach of Duty
- Breach of Trust
- Negligence
- Bodily Injury or Property Damage including claims and investigations under Health & Safety legislation.
Employment Practices Liability, or EPL, covers Directors & Officers of the insured company against claims taken against them by employees alleging Discrimination, Constructive or Wrongful Dismissal, Harassment or Bullying or other employment related issues.
Who Can Sue Directors & Officers?
- Employees
- Government Departments & Authorities
- Customers
- Contractors
- Competitors
- Creditors
- Suppliers
- Regulatory Bodies
What kinds of actions might Directors & Officers be personally liable for?
- Involuntary, constructive or gross negligence, manslaughter and far reaching health & safety legislation
- Wrongful Trading – trading in the knowledge that the business is or will become insolvent.
- Unpaid taxes where the company has become insolvent.
Request a D&O Quote for your Client
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