Introduction Directors and Officers (D&O) insurance protects the people who run an organisation against claims alleging wrongful acts in their management roles. When a shareholder sues, a regulator issues a notice, or a lender alleges misleading statements, the policy may pay legal defence costs and, where covered, settlements or judgments. D&O claims are rarely small […]
Directors and Officers Liability Insurance
How to Buy a D&O Policy – The Buyer’s Guide
Introduction Buying D&O insurance is different from buying a standard business policy. In particular, there is no fixed product off the shelf. Instead, the insurer needs to understand the company, its board, and its risks before it can quote. Likewise, the buyer needs to understand the policy wording before accepting it. This guide walks through […]
D&O Insurance Cost – What Drives the Premium
Introduction “How much will it cost?” is usually the first question a board asks about directors and officers insurance. It is also the hardest to answer with a single number. Unlike some covers, D&O insurance is not priced from a rate card. Each insurer looks at the company, its leadership, its risks, and the cover […]
D&O Insurance Coverage – What the Policy Covers
D&O insurance, or Directors & Officers Liability Insurance, generally covers claims against directors and officers that allege wrongful acts in managing an organisation, such as breach of duty, negligence, misleading statements, or mismanagement. The main benefit is defence costs, which the insurer may pay from the start of a covered claim, along with covered settlements […]
What is D&O Insurance – The Complete Guide
D&O insurance (Directors & Officers liability insurance) is a liability policy that protects the people who run an organisation, such as directors, officers and senior managers, against claims alleging wrongful acts in their management roles. Typical allegations include breach of duty, negligence, mismanagement, or misleading statements. Depending on the policy, it may also reimburse the […]
D&O Insurance & Employment Practices Liability (EPLI) – Complete Guide
Introduction Most claims against company leaders fall into one of two broad groups. The first is about how the business is run: a shareholder disputes an acquisition, a lender says the accounts were misleading, a regulator questions a board decision. The second is about how a company treats people at work: an employee says the […]
Choosing the Right D&O Insurer – Buyer’s Checklist
Introduction Buying Directors & Officers Liability Insurance is not like buying a standard motor or fire policy. In fact, two D&O quotations with similar premiums can respond very differently when a claim arrives. For example, one may cover a regulator’s investigation from the first notice; another may not. Similarly, one may protect the company as […]
What is the importance of D&O Insurance cover for start-ups?
In today’s litigious business environment, D&O insurance cover is extremely important, as directors and officers can be held personally liable for decisions made on behalf of the company. It helps attract talent to leadership positions and provides a financial safety net for those in critical roles within a company. This is useful in instances where […]
What does D&O Insurance with EPLI Cover do?
Protect your leadership from the ambiguity’s shadow! With EPLI Cover, learn about the power of D&O insurance. Together, they secure your company’s executives from allegations of harassment and discrimination in the workplace and the financial consequences of poor management choices. With this extensive coverage, you can confidently navigate the corporate landscape, knowing that your reputation […]
Directors and Officers Insurance under Companies Act 2013
The Companies Act 2013 has brought in significant changes, which highlight the protection of the interests of stakeholders and other shareholders. The increased responsibilities assigned to the directors and officers heighten the chance of their being accountable for acts they commit either wrongfully or unintentionally, thereby leading to significant legal costs or other financial burdens. […]