Directors and Officers Insurance – Is It For Me?

According to Axa, Directors & Officers (D&O) claims are becoming increasingly common, and individual directors and officers are also at increasing risk of being held personally liable.

Who is it available to?

D&O cover is available to any UK registered Private Limited Company, Charities, Clubs and Associations excluding those in the legal sector, professional football or rugby clubs or financial services sector.

What’s covered?

– D&O covers directors against personal lawsuits in civil courts. Directors have UNLIMITED liability at law. This is defence costs and any damages awarded

– Covers directors against any personal criminal defence costs (but not any fines or penalties imposed)

– Cover the entity and a very important cover here is employment disputes as these are on the increase

As part of a wider management liability policy cover can also extend to include;

– Pursuit cover for contract disputes and debt recovery
– Data protection breach customer/supplier contact cover
– Negative social media and crisis public relations costs
– Tax investigation cover
– HSE Fees for intervention payments
– Option to extend employee dishonesty cover to full crime

If you are interested in this type of cover or would like some independent advice on a non-obligation basis, please contact your nearest Caleb Roberts Insurance Office to speak to one of our experienced team.