This is an area where most business owners are most exposed. It is not incorrect to state that the same obligations and responsibilities apply to all directors and officers of any business. Whether a listed corporate entity or a small owner- managed business with one director, they all have the same duties and obligations. In the United States where this cover was offered for the first time in the 19th century already, this type of cover is more commonly known as Errors and Omissions cover.

Directors and Officers insurance provides liability cover for Company Directors and Officers that protects them from claims which may arise from decisions and actions taken within the scope of their regular duties. Such cover provides personal liability cover for Company Directors and Officers, but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf its Directors and Officers in order to protect the company.

The cover also helps protect professional advisors and service-providing individuals and companies from bearing the full cost of defending a claim and paying the damages award in a claim, where the plaintiff succeeds with its action against an employee of a company or the company itself.

Thus why should a company purchase this cover? While wilful misconduct is not covered, quite simply, Directors and Officers can often make simple mistakes – and are thus often held personally liable for these mistakes. Let us give you peace of mind.

We also provide PI and other specialist liability cover. Should you believe that you and your business requires this cover, please complete the application form contained in the forms section of this website in order to obtain a quote.