Do I need Directors' and Officers' insurance?

D&O insurance is not legally required, although for many companies it would be considered best practice.

Is there anything Directors' and Officers' insurance doesn’t cover?

D&O insurance won’t cover claims against the company. It is solely for individual Directors and Officers.

Who can claim against directors and officers?

Claims can be brought by anyone who has an interest in the company e.g. customers, employees, shareholders, investors, regulators etc.

Is there a limit to the cover I can purchase?

There will be a limit to the cover an insurance company is prepared to provide, however there are different options for the level of cover you may wish to purchase. Generally speaking, limits are linked to turnover and based on historical claims data to ensure cover is appropriate.

Directors and Officers Insurance

Name: Directors’ and Officers’ Insurance
Brand: Alan Boswell Group
Rating: 4.8 (11210 reviews)

Directors’ and Officers’ Insurance

Directors’ and Officers’ Insurance (D&O) covers the cost of compensation claims made against your business’ directors and key managers (officers) for alleged wrongful acts.

Cover for legal liability of the directors and/or officers

Legal expenses incurred in defending a claim

Wide cover

Directors’ and Officers’ insurance (D&O) covers the cost of compensation claims made against your business’ directors and key managers (officers) for alleged wrongful acts.

Directors can face unlimited personal liability for wrongful acts committed, or alleged to have been committed, in executing their duties.

The Alan Boswell Group Difference

D&O insurance is a complex subject with many options available. We will take the time to identify your needs for this and other relevant insurance products to make sure you’re fully covered. Directors' and Officers' insurance is essential for many companies as it protects individuals in the event of legal action.

How our customers rate us

Always work hard to find us the right policies for a business area that is difficult to accommodate in the usual markets.

Mr Ridley - D&O Insurance

4.8/5 11210 reviews

D&O insurance in detail

Every director, senior company executive, and manager is a potential target for litigation, whether from shareholders, bankers, creditors, employees, customers, regulators or liquidators. Directors and officers without insurance are effectively risking their personal wealth since the financial implications of legal action can be disastrous.

D&O insurance covers two main areas:

Legal liability - this is cover for costs awarded to successful claimants.

Legal costs - legal costs and expenses in respect of investigations and defence of actions.

It is important to reiterate that this insurance covers you and your liability. This is separate to the business’ liability and can aid protection of your personal assets and property.