Directors & Officers Insurance - Cover

A summary of the cover usually provided

Cover can vary between insurers but in general, you would expect to find the following areas of cover being provided:

• Damages and/or settlements entered into with insurer's prior written consent as well as costs, charges and expenses following an actual or alleged act or omission by directors and officers in the discharge of their duties
• Investigation costs which result from any formal, regulatory,administrative, criminal or investigative inquiry where the investigation is initiated during the period of the policy
• An additional limit of liability for damages and /or settlements, costs, charges and expenses following an actual or alleged act or omission by any non-executive director (up to specified limits)
• Damages and/or settlements entered into with insurer's prior written consent as well as costs, charges and expenses following an actual or alleged act or omission by a director or officer who has been assisting an outside company at the request of the insured except where:
  • The outside company is providing an indemnity
  • The outside company is listed on any stock exchange or is based in the USA
  • The claim is brought on behalf of the outside company
• Pollution defence costs on behalf of directors and officers
• Loss of documents to specific limits

For further information please read the Directors & Officers Summary of Cover or contact our office.

Get your Directors & Officers Quote Online or contact us for a quotation or simply to speak to our Advisors who can provide you with further information on the range of policies and cover available. You can also register your renewal date and we’ll contact you when your insurance is due for renewal.