Directors' and Officers' Liability Insurance

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What is Directors’ and Officers’ Liability Insurance?

Directors’ and Officers’ Liability Insurance (D&O) covers directors and officers of a limited company. Although the company itself may be limited, the directors and officers can be held personally liable for their actions and ultimately their personal assets are at risk from any claim made by the general public, the company, its shareholders and/or creditors.

Do I need Directors’ and Officers’ Liability Insurance?

Directors’ and Officers’ Liability Insurance helps protect the directors and officers against claims relating to issues such as:

  • Health and safety
  • Employee discrimination or unfair employment practices
  • Data protection
  • Wrongful termination
  • Negligence
  • Fraud
  • Maintaining satisfactory accounts

    Responsibilities of directors and officers are ever increasing and failure to exercise due care could lead to a claim being made against them personally. Directors’ and Officers’ Liability Insurance covers both the assets of the company and the personal assets of the individual(s).

    If a wrongful act was deliberate, then it may not be covered by this insurance.

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    This content is provided for general information only, and should not be treated as a substitute for the advice given by any professional.