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Directors & Officers Liability

Unlike a company’s liability, which could well be limited, the liability of directors and officers can be unlimited. Furthermore, directors defence may have to be funded personally. Uninsured directors and officers therefore face the possibility of personal bankruptcy

Directors and Officers Liability insurance is designed to protect directors and officers from claims arising against them in the course of the performance of their duties. Director’s duties are defined by a mixture of case law, statutes and legislation. It is no surprise that directors are sometime unaware of their duties. At law though, ignorance is no defence.

Typically, directors and officers are exposed to claims from: 

  • Shareholders
  • Employees
  • Regulatory authorities
  • Customers
  • Competitors
  • Creditors

Protection can be provided under a Directors and Officers Liability insurance policy to cover the costs of defending these actions.

 

Key considerations

  • Financial ability to defend legal actions
  • Compliance with current legislation
  • Personal liability of directors
  • Company attitude to defending actions

Taking the hassle out of Insurance...

Speak to a member of our dedicated team



0116 299 9000

Turner Insurance Group
34-36 Princess Road West
Leicester
LE1 6TQ

0116 299 9000
Authorised and Regulated by the Financial Conduct Authority, No: 457721

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Turner Insurance Group is a trading name of PSC UK Insurance Brokers Limited authorised and regulated by the Financial Conduct Authority (FCA). Our Financial Services Register number is 457721.

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Registered in England & Wales, No: 04338485


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