In every business, there could be an opportunity for a compensation claim to be made against the key figures in the organisation. That is why directors and officers insurance can cover you for the worst possible eventualities. Being a key member of staff within an organisation brings power and responsibilities. Therefore, if a Director is proven to have acted wrongfully, criminal or civil proceedings may begin. A claim could be made by shareholders, investors, regulators, employees or third parties.
Regardless of your company’s size, the legal cost to defend a Director is substantial, as are the potential penalties that can be personally incurred.
Due to liability risks, protecting boardroom talent can be a challenge. To help ensure both your officers’ as well as the company’s well-being, a directors’ and officers’ liability insurance policy is part of a comprehensive risk financing strategy.
Our Directors and Officers policy can protect your key people against a wide range of wrongful acts including:
- Breaching trust
- Breach of duty
- Neglect
- Error
- Misleading statements
- Wrongful trading
Whether you are a non-profit, privately held or a public company, it is likely that your business can benefit from a directors and officers insurance policy. There is no such thing as a ‘standard’ policy, a professional broker like Douglas Insurance is invaluable when purchasing directors and officers cover.
Get in touch with Douglas Insurance for a competitive quote on our directors and officers policies. We’d love to help! Call us on 01792 446202 or fill in our online quote form. Alternatively, pop in to our office and have a coffee with us whilst we talk through your options.