Unfortunately, in today’s litigious society, directors and officers insurance is an absolute must in order to protect the directors and officers’ personal assets which are at risk from the potential claims that might come their way.
Today, more than ever, companies are open to a number of threats posed by industry regulations and ever changing government legislations; having an adequate directors and officers insurance policy in place will provide peace of mind and protection.
Directors and senior managers will have their own responsibilities and practices outlined in their job descriptions. However, in carrying out their roles they become exposed to a number of potential causes for a claim including; fraud, competition, employment, data protection, health and safety, negligence and many more. Our directors and officers insurance policy offers protection against this.
What can our Directors and Officers insurance cover?
- Entity Defence
- Employment Law Protection
- Management Liability
‘Wrongful Acts’ include but are not limited to, actual or alleged breaches of trust or duty, neglect, error or breach of authority.
Employment Law Protection provides cover for your legal liability following an employment dispute, legal costs and expenses. Some Insurers can provide HR Expertise for the creation of your employment documents.
There are a number of factors that will help determine your insurance premium and these will include the limit you choose, the industry your business operations within and your financial performance over the past three years. After assessing your information your premium will then be calculated.
If you are not sure which directors and officers insurance you require then simply give us a call on 0121 293 5764 and we will provide you with all of the details you need to make an informed decision. If you prefer, you can visit our office and discuss all your insurance requirements in person: 56 Warwick Road, Olton, Solihull B92 7HX
Still, wondering why you need Director and Officers insurance? Read the top 10 reasons why to buy this cover