Directors & Officers insurance - do you need it?

What is D&O?
Directors and Officers (D&O) insurance protects managers, directors, executives and company board members against claims or investigations resulting from decisions and actions they have taken as part of their regular duties. It protects against personal liability risk, providing peace of mind and assurance that their home, personal finances and assets are secure if something goes wrong.
 
In an increasingly litigious culture, particularly post-Covid when directors and officers had to make difficult decisions and subsequently faced scrutiny for their actions, D&O insurance provides protection against a wide range of claimants, including shareholders, competitors, suppliers, employees and regulatory entities.
 
Typical scenarios
Many people running SMEs don’t have the resources to cover all the legalities involved, which is where D&O comes in, protecting managers from failure to comply with workplace laws and a lack of governance, and the potentially expensive legal action that may ensue.
 
If you fail to meet your expectations and certain investors take action to get their money back, placing your directors and officers at risk. D&O insurance offers protection against legal action.
 
Past, present and future cover
D&O insurance is for current, future and past directors and officers, providing cover for individual acts performed or omitted while they held a position within the company. This ensures that even if the person is no longer on the board, for example, the cover will still protect them for alleged wrongdoing as a board member, as long as the cover is in place.
 
Our business is your protection
Working to the highest professional standards, we are committed to looking after our customers.
 
Our priority is to protect you, your staff and your business by providing an insurance solution that offers cover tailored to your specific needs; that’s why we’ll assess your needs and demands before recommending a suitable policy.
 
To find out more and ensure you are adequately protected, please give us a call on 01992 703 300 or email insurance@nlig.co.uk