Directors & Officers (D&O)

Protecting Your Leadership Team from Management Liability & Associated Risks

Overview

In any business, there is the potential for individuals in key positions within the organisation to face compensation claims. This is why a Directors and Officers Insurance (D&O Insurance) also known as Management Liability) Insurance policy is crucial, as it offers protection against even the most severe circumstances that may arise. This policy can also help to safeguard the personal assets of corporate directors and officers, in the event they face personal lawsuits from employees, vendors, competitors, investors, customer or other parties, for proved or alleged wrongful acts in managing the company.

The primary purpose of Directors and Officers Insurance is to offer financial security to senior executives confronted with accusations of ‘wrongful acts.’ These ‘wrongful acts’ encompass a range of actions such as breach of trust or duty, negligence, errors, misleading statements, or wrongful trading, carried out by senior personnel representing your company. These actions, whether actual or alleged, can expose senior staff to financial risks.

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How We Can Help

The team at Brown & Brown could help to protect your position as a director, partner, board member or officer of a company, by offering Comprehensive Insurance Cover for Directors and Officers. In the absence of adequate coverage, a single claim or accusation may result in personal financial risk and legal obligations. Consequently, it is vital to recognise the significance of having an adequate D&O Insurance policy to provide vital protection for your business and yourself, and key members of the organisation amidst unexpected situations.

We understand that the cover you choose will depend on your circumstances, and our team at Brown & Brown will take the time to understand these needs and ensure that the cover provided meets your specific requirements. If you have any questions or want to explore your options, please contact the team.

Cover can include

Collaboration, presentation and team director planning project with whiteboard, discussion or ideas. Boardroom, diversity and business people for erp, workshop and meeting conversation in office

What is Typically Covered?

Directors & Officers Liability – pay financial losses made against the individual including Company reimbursement if applicable.
Employment Practice Liability – pay loss caused by an employee alleging an employment practice wrongful act.
Company (Corporate) Legal Liability – protection for the Company including defence & investigation costs.
Ancillary Covers – There are other additional covers available that we can discuss with you depending on your individual circumstances.

What is Not Typically Covered?

Lawsuits between directors and officers of the same business
Fraud
Criminal Activities