Directors and Officers Insurance
Comprehensive Directors and Officers cover, tailored to suit any business type
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Expert Advice for D&O insurance
Insync can compare Directors and Officers insurance quotes from 5+ of the UK’s leading insurers, 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.
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.
As a Director within Limited Company, you are in the decision-making seat alongside other Directors and management. By the nature of the role not all these decisions might be as seamless as you’d hoped, for any cases where the results of these decisions have led to claims or allegations, Directors and Officers Insurance can protect Directors as individuals against such claims.
Without Director & officer insurance these individuals may be exposed to personal financial risk, as even before a claim research court it may have costly investigations and defences set up. To avoid Directors or Officers personal finances put a risk, the company can have D&O insurance in place to protect and keep any finances secure.
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.
Why do I need D&O and Business insurance?
As one of the highest positions of power in a company, a director is often celebrated when the company is successful but also has to face scrutiny when things don’t go as planned.
As such, you as a director or officer of a company have specific duties, responsibilities and powers associated with the position. If you are found to have acted outside of the job description or have appeared to be negligent, you may be faced with a civil, criminal or regulatory penalty.
These responsibilities are vastly different to those usually which are undertaken by other members in the company and as such not usually covered by standard business insurance. What’s more due to the high-risk decisions dictated by Directors as individuals, as opposed to the decisions made lower down in the company where usually multiple sign-off is required, Director and Officer Insurance unlike business insurance will protect you as an individual.
Directors and Officers insurance can cover you against
- Breach of trust
- Breach of duty
- Neglect or error
- and many more.
These are all cases which are not usually covered by Business Insurance.
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 Directors and Officers 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.
Why choose insync for Directors and Officers insurance?
In today’s digital world, business has evolved, so why hasn’t your insurance broker?
We’re one of the UK’s fastest-growing insurance providers, offering exclusive schemes and facilities for Professionals throughout the UK.
Say goodbye to one-size-fits-all business policies that have you paying for extras you don’t need and the slow, outdated and inefficient way business insurance is traditionally arranged!
Directors and Officers Insurance
Insync for Directors and Officers Insurance
Exclusive FREE Benefits for all customers
At Insync we are totally focused on providing not just the correct cover at a superb price but as importantly, a fantastic customer experience.
As part of this experience and as a thank you for taking out your policy with Insync, we will give you access to our exclusive benefits platform, Insync Benefits.
This is completely FREE to you, giving you unbelievable discounts and offers from some of the biggest high street brands.