What is Directors and Officers Insurance?
Directors and Officers insurance (often referred to as D&O Cover) is a type of liability insurance. It is designed to offer financial protection to directors, partners and officers within an organisation against the costs of compensation claims made against them as a result of an alleged wrongful act whilst carrying out their company duties.
There are countless examples of how a claim could be made against a director:
- a malicious claim made by a disgruntled customer
- an accusation made by a shareholder that a director’s decision damaged the valuation of the business
- An investigation brought by HMRC
- HSE enquiry following a breach in health & safety regulations
- Corporate manslaughter claim
Directors and officers insurance provides cover for the costs associated with the investigation and defence of an allegation of a wrongful act. It provides protection should an allegation or claim be made against them. Even simple investigations can cost thousands, if not hundreds of thousands, of pounds.
Why buy Directors and Officers Insurance from ISIS Insurance Brokers?
ISIS Insurance is an established, independent business insurance broker. We will take the time to understand your business and the potential risks it – and its directors – face. With access to a range of policies from a number of leading UK Insurers, we can tailor cover to suit your precise requirements.