Protecting business leaders from personal liability
In today’s business environment, company directors and senior executives face increasing scrutiny from regulators, shareholders, and the public. Legal action can arise from decisions made in good faith, and the financial consequences can be severe.
Directors and Officers (D&O) Insurance provides financial protection for company leaders if they are personally sued for actual or alleged wrongful acts in managing the business. It safeguards their personal assets and ensures access to expert legal representation when it’s needed most.
Why Directors and Officers Insurance matters
What does Directors and Officers Insurance cover?
A D&O policy can provide cover for:
- Legal defence costs - cover for legal expenses associated with defending allegations of wrongful acts.
- Damages and settlements - compensation or settlement amounts awarded to third parties.
- Regulatory investigations - costs associated with responding to investigations or inquiries by regulators.
- Employment practice mismanagement - cover for claims involving harassment, discrimination, or wrongful termination (where included).
- Public Relations expenses - assistance with reputation management following an incident or claim.
Who needs Directors and Officers Insurance?
D&O Insurance is essential for:
- Private and public companies
- Not-for-profit organisations and associations
- Businesses with an appointed board or executive management team
It’s particularly important for directors, officers, and managers who make decisions that influence the organisation’s performance, compliance, and governance.
How we support you
At Network Insurance House, we help protect directors and senior leaders across a wide range of industries.
- We identify the exposures relevant to your business structure and sector.
- We arrange appropriate D&O cover through trusted insurers.
- We review your policy regularly to ensure ongoing protection as your company evolves.
- We act as your advocate at claim time, liaising directly with insurers to achieve a fair and timely outcome.
What happens if I have a claim
We are your advocate at claims time. We work for you and seek the most appropriate outcome based on your coverage.
- We assist in gathering and submitting all required claim information.
- We liaise directly with the insurer and any appointed legal representatives.
- We coordinate the claims process to ensure a fair and efficient resolution.
- We manage communication with clarity, confidence, and professionalism.
Protect your leadership team
Directors and Officers Insurance provides essential protection for those guiding your organisation’s success. Contact us today to discuss a tailored D&O Insurance solution for your business.
Frequently Asked Questions
- What is Directors and Officers Insurance?
Directors and Officers (D&O) Insurance provides financial protection for company directors, officers, and senior executives if they are personally sued for alleged wrongful acts in managing a company. It covers legal defence costs, settlements, and judgments that could otherwise impact their personal finances.
- How is Directors and Officers Insurance different from Management Liability Insurance?
D&O Insurance focuses specifically on protecting individual directors and officers for claims related to their management decisions. Management Liability Insurance, on the other hand, offers broader protection, covering both the company and its managers for a range of risks, including employment practices and statutory liability.
- Who needs Directors and Officers Insurance?
Any organisation with appointed directors or officers can benefit from D&O Insurance, including private companies, not-for-profits, and large corporate entities. It’s especially important for businesses that make strategic, financial, or regulatory decisions that may expose leaders to personal liability.
- Does D&O Insurance cover legal defence costs?
Yes. A core feature of D&O Insurance is the cover it provides for legal defence costs incurred when responding to allegations of wrongful acts. This can include regulatory investigations, shareholder actions, or claims brought by employees, clients, or competitors.
- What types of claims are typically covered?
Claims may include allegations of mismanagement, breach of fiduciary duty, misleading statements, negligence, or failure to comply with regulations. Coverage can also extend to investigations and inquiries initiated by government or industry regulators.
- How can I arrange D&O Insurance for my business?
At Network Insurance House, we assess your organisation’s governance structure, risk profile, and industry exposure to arrange appropriate cover from trusted insurers. Contact us (link to Contact Us page) to discuss a tailored D&O Insurance solution for your company.
