We offer directors and officers insurance for all industries.
Directors and officers are some of the biggest decision makers in business – and if anything goes wrong, the results can be disastrous.
Directors and officers insurance, also known simply as D&O insurance, ensures your business is covered if anything does go wrong. No matter the calibre of your directors and officers, mistakes can happen, and this type of management liability insurance means you’re protected.
What Is Directors & Officers Insurance?
D&O insurance supports key officers, managers, and directors within a business if they face allegations of wrongdoing. In such a complex legal environment, companies can face litigation if people think their management has breached their duty of care, made negligent errors, defamed someone, or breached trust.
Court cases and lawsuits are expensive, and comparatively, directors and officers liability insurance is a much better deal. It helps companies cover the cost of defending management, as well as any losses the company might incur and any legal representation required.
Who May Take Legal Action Against Directors And Officers?
People who can make a claim on D&O insurance include:
- Stockholders and investors: If these parties believe the actions of directors and officers have caused significant financial harm, they may decide to take action against them.
- The supervisory board: The board can make a claim against an individual on behalf of the company.
- Employees: Employees can sue directors, officers, and managers if they believe they have been harmed as a result of their actions.
- Customers and suppliers: If directors or officers have caused harm to either of these parties, they may decide to take legal action against them.
- Regulators and unions: These groups may choose to pursue a claim against a manager or director for violation of regulations or other perceived wrongdoing.
A directors and officers liability insurance policy ensures that you and your directors are covered in case any action is taken.
Our clients include:
Key sectors
Automotive
Woodworking
Chemical
Electrical &
Electronics
Fashion & Footwear
Food & Drink
Plastics
Additive
Manufacturing
Metal
Fabrication
Creative/Digital
Agencies
Software Development
IT Service
Providers
What Does Directors & Officers Liability Insurance Cover?
Legal Costs
D&O insurance covers legal costs you may face if a claim is made against you, as well as compensation that is required.
Breach of Duty
Directors have a set of duties to their companies, and if someone alleges that these duties have been breached, D&O insurance can help cover the costs related to fighting these allegations.
Investigation Costs
When investigating directors, officers, and managers for any claims or allegations made, directors and officers insurance can cover the day-to-day costs.
Reporting Errors
Any inaccurate or misleading reports, whether financial or operational, can result in a claim against a director or manager, which D&O insurance can help cover.
Misrepresentation
If someone feels that your company has been misrepresented by an individual, D&O insurance can help fight these claims.
Get D&O Insurance Today With Wentworth Alexander
Our industry knowledge & experience sets us apart from the crowd.
Ready to secure your directors and officers liability insurance policy? Wentworth Alexander Insurance Brokers are here to help.
We’re here to make your insurance simple – no jargon, no fuss, no unnecessary delays. Our team works with you to understand your exact business needs, so we can provide clear, unbiased advice and tailored policies that fit your requirements.
We pride ourselves on putting our clients at the heart of everything we do so you only get the best result from us. Get in touch with us today for a tailored quote.
Contact us
Get in touch about your insurance
Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
Our team will be happy to help and provide you with the advice you need.
Redlands
Cliftonville
Northampton
NN1 5BE
Directors & Officers Liability Insurance FAQs
What Is The Cost Of Directors & Officers Liability Insurance?
The price of D&O insurance varies depending on a number of factors, including but not limited to your business activities, number of employees, annual turnover, any previous claims and the coverage limits required. Whatever your needs, the team at Wentworth Alexander are here to help you find suitable coverage.
When Do I Need Directors And Officers Insurance?
Once your company is registered as an LLP or limited company and has appointed directors and leadership figures, you can benefit from D&O insurance. You could face legal action from day one, so ensure you’re covered from the very start.
What Does Directors And Officers Insurance Not Cover?
There are several things that D&O insurance doesn’t cover:
- Dishonest or fraudulent behaviour by the insured person.
- Bodily injury or property damage.
- The need to clean up any pollution.
For more information, get in touch with our team to discuss what coverage you need.
What Other Insurance Do I Need For My Business?
Multiple other types of insurance can benefit your business, including:
- Cyber insurance
- Commercial building insurance
- Product liability insurance
- Employers’ liability insurance
- Public liability insurance
If you’re curious about any other insurance types you may need, our team can help. Contact us today to learn more.
Who Doesn’t Need D&O Insurance?
If you’re a sole trader, you won’t need directors and officers insurance, as there is no distinction between you and your business. However, you will still need some essential forms of insurance to protect yourself and your work, such as professional indemnity insurance.
Not sure what you need? Contact our team to discover the best coverage for you.