Directors and officers insurance
Who it’s for
It is not only the owners of a business who can face a potentially costly lawsuit.
All directors (of limited companies and plc’s) and officers (of other ventures, including Charities) can face claims for their actions.
Directors and Officers insurance policies are available for all personnel involved in the day to day running of a business.
D&O cover is different to a combined or commercial liability insurance.
Why it’s important - examples
Directors and officers is becoming a much more accepted business practice.
Below is a list of the scenarios where claims can be made. The vital point is that claims can not only be made against the separate legal entity but also against the individuals in their own name. This leads to potential huge losses to individuals, without a business policy to pay out.
Statutory or legislative responsibilities include (but are not limited to)
Health and safety at work act
Data protection act
Companies Act (numerous)
Racial, sexual, disability and age discrimination
Insolvency act
How businessinsure can help
D & O cover, as it is more popularly known, is not underwritten by every commercial insurer. We know where to look for quick and competitive quotes.
Some insurers will not quote on businesses less than 3 years old without significant financial information being provided, whereas other insurers are happy to quote.
This cover can be difficult to obtain a cheap quote, we can do the searching for you.
More information
Directors and officers insurance policies can be purchased for limited companies, sole traders, partnerships, limited liability partnerships, public limited companies and voluntary or charitable organisations.
Directors and Officers insurance provides cover for claims made for many events, such as non-compliance with company law, health and safety legislation, insolvency act, data protection and all types of discrimination.
Different insurers offer various levels of cover with excesses from the small and acceptable to the large and inappropriate.
Quoteline: 08456 024 589 (local call rates apply)
Quoteline: 08456 024 589
- Rapid cover
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Financial Services Authority – our reference number is 303964. Our registered office is 24 Whitefriars Street
Perth, PH1 1PP. Our trading address is: Suite 4, Old Academy Building, 7 Rose Terrace, Perth, PH1 5HA. Registered in Scotland no. 225808.