Directors and Officers Liability Insurance
Providing coverage for personal liability and financial loss of company board directors and officers.
What is Directors and Officers (D&O) Liability Insurance?
Directors and Officers (D&O) Liability Insurance provides protection for company directors, officers, and board members against claims of wrongdoing in the course of their duties. It can help cover the costs of investigations, legal defence, and financial settlements.
Depending on the insurer, your policy may include cover for:
Non-indemnifiable directors’ and officers’ liabilities
Company reimbursement cover
Representation expenses at inquiries (no allegation of wrongful act required)
Company securities cover
Inquiry/defence costs for WH&S investigations/proceedings
Pecuniary penalties (as permitted by law)
Optional employment practices liability
Coverage, benefit limits and exclusions may vary. Always refer to the Product Disclosure Statement (PDS) or speak to your broker for detailed policy terms.
Understanding Directors and Officers Liability Insurance
This cover is commonly held by companies of all sizes, particularly those with a formal board or corporate governance structure. It is relevant for any organisation where directors or key officers could be personally named in legal proceedings.
Premiums for Directors and Officers Liability Insurance depend on your business size, industry sector, claims history, risk profile, and coverage limits. The complexity of operations, governance and regulatory exposure may also influence pricing.
Notify your NQIB broker as soon as possible when you become aware of a potential claim. Supporting documentation may include correspondence, court notices, or regulatory inquiries. Your broker will assist throughout the claim process.
Directors and Officers Liability Insurance is commonly paired with:
- Management Liability Insurance
- Professional Indemnity Insurance
- Corporate Travel Insurance
Did you know? Directors and officers liability insurance can be included with your Business Package Insurance.
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