Directors and officers liability

Why do you need cover?

Increasing corporate governance and regulatory surveillance has resulted in growing expectations and responsibilities placed upon a business’s directors. Consequently, the personal assets of the director or board of directors are exposed to claims brought by shareholders, employees and creditors. Our policy can provide you with protection against investigation, defence and settlement costs should a claim arise.

The exposures directors and officers encounter include:

Check Icon Employees: actions alleging discrimination, harassment, employment contract breaches, defamation, wrongful discipline, etc.
Check Icon Creditors: alleging the director allowed trading to continue despite knowing the business could not make debt repayments.
Check Icon Competitors: claims relating to the Trade Practices Act resulting from misleading or deceptive behaviour.
Check Icon Shareholders: alleging the director has mismanaged the operations and funds of a business.
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If you would like to cover your business with directors and officers liability insurance, please contact us today!