Compare D&O Insurance and receive Expert Advice
Insync can compare cover and prices from 5+ of the UK’s leading insurers, quotations can be obtained online in minutes, supported by expert advice from a team of UK based management liability insurance experts. What’s even better is that you will be allocated a dedicated Account Executive who will handle your policy throughout the life of your policy – why repeat yourself!
What Is Directors and Officers Insurance?
Directors and Officers Insurance, or D&O Insurance as it is often referred, provides personal liability protection for the Directors and any Officers of a Limited Company. Typically, personal claims can occur against individual Directors, or all board members, where they have acted (or are accused of acting) without property authority, or have breached part of the Companies Act.
D&O cover can be purchased in isolation, or as part of a comprehensive management liability policy which will include additional protect for Employment Practices Liability and entity cover for the business itself.
Do I Need Directors and Officers Insurance?
If you are a company director, or an officer such as a company secretary, you have a personal responsibility and liability for your actions. Without adequate D&O Insurance you could find yourself on the wrong end of costly litigation and / or compensation claims or fines from shareholders, third parties or regulators such as the Health and Safety Executive (HSE).
Whilst accusations or claims can later prove to be unfounded, without adequate insurance protection you would be left to manage the process and any associated legal bills which can cause considerable financial and emotional distress.