Directors & Officers (D&O) / Management liability insurance

Directors and officers can face personal exposure arising from decisions and actions taken in their roles within a company. Directors & Officers (D&O) insurance can help protect directors, officers and senior managers against the legal and financial consequences of claims and investigations relating to their management decisions, subject to the terms and conditions of the policy.

Even when directors and senior management act with the best intentions, mistakes and allegations can still happen. A claim or investigation does not necessarily mean an individual has acted improperly. However, the costs of investigating and defending an allegation can run into many thousands of dollars, while also taking significant management time away from the day-to-day running of the business.

D&O insurance can provide cover for eligible legal defence costs, settlements, damages and other costs arising from a covered claim or investigation. Cover can extend to current, former and, in some circumstances, future directors and officers, depending on the policy.