Directors & Officers

Often referred to as D&O insurance, this policy is a type of liability insurance for claims made against a board of directors and/or an officer. Since directors are usually held responsible for acts of the company, most directors and officers will need this cover to prevent their personal assets from being under risk.

What’s covered?

• ‘Wrongful Acts’: Breaches of duty or trust, neglect, error, misstatement, misleading statements, omission, negligent act or any other act wrongfully committed
• Advancement of defence costs
• Damages awarded against the director or officer including exemplary damages for libel and slander
• Company reimbursement
• Investigation legal fees and expenses, covering the company and the individuals
• Blanket cover for any person deemed to be a director or officer, past, present and future
• Managerial/Supervisory staff included as insured persons