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Directors and Officers Liability Insurance

At 1st Choice Insurance, we’ll use our extensive experience and knowledge to find you the right cover a competitive price, ensuring that we check the whole market for Directors and Officers Liability Insurance. Sometimes known as D & O Insurance, this cover will cover businesses directors and officers from personally from losses made within a business.

What is directors and officers insurance?

Directors and officers liability insurance, also known as D & O insurance or directors & officers liability, is a tailored business insurance policy designed to cover business directors and officers in the case of loss or damage resulting from their business. Business insurance is a large umbrella term used to describe a range of individual protections, with specific professions and industries often needing specialised support.

Directors and officers coverage describes liability coverage payable to the officers and directors of a company as reimbursement for losses or defence costs that come about through legal action. Liability insurance is available in many configurations, with related policies including business liability, product liability, and contractors liability. D & O insurance policy conditions and provisions can vary significantly between insurance companies so it’s important to get comprehensive advice before signing a contract.

Who needs directors and officers insurance?

D & O coverage is available to all company directors and officers who may be subject to professional indemnification. People at the head of a company often face lawsuits and legal action brought about for alleged wrongful conduct, with civil and criminal legal actions often leading to expensive investigations and trails. While directors and officers liability insurance does not cover people against intentional criminal activity, it does provide a wide range of financial protections.

D & O insurance is related to protections defined in corporations law, fiduciary law, and corporate governance. The need for specialised D&O coverage depends on the industry and company in question, as well as the wider business insurance policy being used. Large organisations need to be particularly careful to obtain D & O insurance in order to cover all eventualities, with a range of liability protections available from 1st Choice Insurance.

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Benefits of directors and officers insurance

Directors and officers liability insurance provides much-needed protection to company directors in the case of legal action. This offers peace of mind and enables business leaders to focus on their company rather than having to worry about lawsuits. The general liability coverage included in many business insurance policies does not cover company directors in legal cases, with dedicated D & O coverage needed to ensure full protection. It’s the responsibility of all businesses to ensure they’ve left no gaps in their insurance coverage.

The benefits of this type of insurance stretch far and wide, with company directors able to be more productive and operate without limitations when they know that they’re protected. If you would like to know more about directors and officers liability insurance or any kind of business insurance, please call 1st Choice Insurance for a quote today.

Get D & O Insurance quotes today

If you’re looking for Directors and Officers Liability Insurance cover, 1st Choice Insurance is here to help. Call our friendly, experienced team on 01743 770 500 for a no obligation D & O Insurance quotation or use our Get a Quote Form to request a call back.