Directors and Officers [D&O]

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What is Directors and Officers [D&O] Liability?

D&O Liability is also known as management liability insurance. This is cover that provides insurance to directors and organisations (or entities) following claims brought against them via their employees, previous directors, current directors and any third party claimants.

This coverage tends to include awarded cost of compensation, defence costs when negligence is proven, and defence costs to defend a claim where the insured is not negligent. It also helps protect against claims made as a result of the insured’s wrongful acts (negligent acts and/or errors and omissions).

Do I need D&O Cover?

A variety of companies may require D&O coverage. We help supply Directors and Officers Liability Insurance to a wide range of organisations including:

  • Media and Publishing Companies
  • Construction
  • Insurance Providers and Brokers
  • Medical Unions/Clinics/Surgery Practices
  • Charity based Entities/Companies
  • Fintech and Technology companies including Cryptocurrency
  • Engineers
  • Architects
  • Accountants
  • Solicitors
  • Insurance Broker
  • Financial Institutions – Hedge funds, Asset Managers, Investment Managers, Fund administers
  • And many more - We help insure a variety of common and niche specialists/companies.

All these companies can face a claim against their respective directors and/or organisations as a whole due to the negligent actions of a director(s). If you are a director, decision maker, or a founder of an organisation we recommend you protect yourself in every way possible and acquire adequate D&O cover.

When providing a D&O policy, we look at your unique situation and offer you cover bested suited to you specifically. If you do not get D&O coverage, you are fully responsible in the event of a claim and will be liable to pay out in full any legal and compensation costs no matter how financially damaging they may be.

D&O Liability Insurance – Claims Made Basis

Our Directors and Officers Policy is strictly conducted on a ‘claims made basis’. This means our policies cover for claims made and reported to the insurer during the period of insurance cover only.


The Three Types of D&O Cover

Directors and Officers Liability Insurance is a broad form of insurance that can cover a multitude of exposures and claim scenarios. These can be divided into Three Sides, all offering different forms of coverage. Depending on your specific requirements, you may require on side of D&O insurance, or

multiple sides. Working along side Servca, we will insure you are insured only for the cover sides you actually need.

Side A (Individual Directors & Officers Cover) – Insurance that offers direct coverage for individual directors when the organisation is legally unable to, or unwilling to, indemnity it’s directors.

Side B (Corporate Reimbursements) – When a corporation indemnifies directors, this coverage will provide cover for the reimbursement for the corporation.

Side C (Entity Securities) – This is coverage generally reserved for publicly listed companies. It protects the entity from its own liability exposure to securities.

These various sides can helping protect against different claims that can have life-altering implications, including: 

  • Sexual Harassment Claims
  • Health and Safety Disputes
  • Shareholder Disputes
  • Employment & HR Disputes
  • Bankruptcy Situations
  • Retention Payment Failures
  • Stock Underperformance
  • Failure to Comply with Laws and Regulations
  • Lack of Corporate Governance