Directors’ and Officers’ Liability (D&O) Insurance

This insurance is designed to indemnify the insured (a corporation or insured) for the amount that it/he becomes legally bound to pay for claims made against it/him for wrongful act(s) committed during the period of insurance.

There are two sections to a D&O insurance policy;

• the Directors' and Officers' cover which indemnifies the individual director or officer against arising from any negligence, default, breach of duty or breach of trust (wrongful act) in relation to the company;
• the Company Reimbursement cover which indemnifies the company against the claim payments and defence costs which it is legally obligated and permitted to reimburse its directors or officers for any claims made against them arising out of their wrongful acts.