Directors and Officers Liability Insurance

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In an increasingly litigious world, your company’s Officers and your Board of Directors are personally at risk.

Directors and Officers Insurance (D&O) protects the Directors and Officers of a business/organisation from legal action initiated by shareholders, employees, creditors, competitors, regulators and, in a worst case scenario, liquidators. D&O Insurance may also be extended to protect directors against legal action from within your organisation (ie other Directors). D&O insurance, in some cases, can also be extended to cover the entity itself.

Directors and Officers Insurance provides your executives with protection from personal liability and financial loss from wrongful acts allegedly committed in their role as corporate officers. Whilst a company is legally able to cover actions against a director or executive, in some cases indemnification by the company may not be possible. In these cases, D&O insurance may be the only means a director may have to protect their personal assets.

Our policy

With Directors and Officers Insurance, it is generally NOT a case of one size fits all - in order to ensure appropriate coverage, the solution does need to be tailored for each situation. In this rapidly evolving business landscape, your requirements also need to be reviewed on a regular basis to ensure the appropriate protection continues to be offered. AB Phillips will help you design and implement a Directors and Officers Liability Insurance policy that fits with your business. We take a three step process;

  • We review what your business looks like now, and what you expect it to look like over the next two years

  • We identify your corporate and personal exposures to liability

  • We create a risk mitigation program that incorporates operational, procedural and structural considerations as well as the most appropriate D&O coverage available.