Directors & Officers Insurance
This insurance provides cover to protect directors, officers, supervisors, partners and trustees against action if someone feels they have not fulfilled their duties or responsibilities.
Directors’ and Officers’ liability insurance provides protection in respect of claims brought against you for actual or alleged breach of duty, neglect, errors or omissions and mis-statements. If you are accused of breaching your duties, actions can be brought against directors, officers, supervisors, partners and trustees personally, with potentially devastating consequences, which is why this insurance is so important.
Claims may be made by shareholders, employees, customers, suppliers, creditors or competitors, and this applies across all sectors: public, private, educational and not for profit.
As well as protecting the Directors & Officers, this policy protects the Director’s personal holding in the company, rather than leaving the company to fund its own defence.
Typical statutory exposures include Companies Act (over 200 offences), Insolvency Act (Wrongful Trading), Health & Safety at Work Act, Data Protection Act, Consumer protection legislation, Company Directors Disqualification Act, Corporate Manslaughter Act, Financial Services Act, Company Securities (Insider Dealing) Act, EC Directives and Regulations, and Racial & Sexual Discrimination legislation.
If required, the policy can be extended to provide cover for breach of contract, misconduct, unfair dismissal, environmental prosecution and fraud.
Contact Woodward Markwell
Please call us on 01473 408408 or click above to email and we will respond to your enquiry as soon as possible.