Directors & Officers

Directors & Officers insurance is crucial for protecting the personal assets of company directors and officers, as their decisions and actions can have significant financial and legal implications. It’s important for businesses to work with insurance experts or brokers who can help them assess their risk exposure and tailor D&O coverage to their specific needs.

Description

Directors & Officers (D&O) insurance is a type of coverage designed to protect directors, officers and key executives of a company from personal liability and financial loss arising from claims or lawsuits related to their decisions and actions in their roles. It provides coverage for legal defense costs, settlements and judgments that may result from allegations of wrongful acts, negligence, mismanagement, or other breaches of duty by company leaders.

Cost

The size of the business can indeed influence the requirements and cost of D&O insurance. Larger businesses, especially those with publicly traded stock, tend to have more complex operations and a greater number of stakeholders. As a result, they might have a higher risk of facing legal claims related to management decisions, financial reporting, compliance, and other governance issues. Therefore, larger businesses may need higher coverage limits and may face higher insurance premiums.

Requirements

The requirements for Directors & Officers insurance can vary based on industry regulations, the company's ownership structure, contractual agreements and the perceived risk associated with the business's operations. Publicly traded companies are often required by stock exchanges and regulatory bodies to have D&O insurance in place. Additionally, lenders, investors and business partners might require evidence of D&O coverage as part of their due diligence processes.

Insurance With A Purpose

Speak to our Directors & Officers

Expert Advisor

We understand the importance of having easy and accessible ways to get in touch with us. That’s why we’re excited to offer you a way to connect directly with our Senior Team quickly and conveniently.

Nicola Wyatt

Senior Insurance Practitioner

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