Directors and officers liability

Covers the assets of company directors and other individuals of a corporation against personal liability claims.

 

With greater corporate governance and regulatory surveillance in place today, company directors and officers are under increased pressure to carry out their duties and obligations meticulously. Failure to do so may lead to personal liability for the individual director or for the entire board of directors, regardless of whether they are acting in a part-time, honorary or non-executive capacity.

CGU Directors and Officers (D&O) Liability Insurance is designed to protect the assets of company directors and other individuals of a corporation against such claims.

A broad and flexible definition of ‘Insured Person’ applies, covering every past, present and future director, secretary, executive officer or employee of the corporation.

Find an adviser

Contact your insurance adviser or find an insurance adviser to obtain a Directors & Officers Liability Insurance quote and complete an application.

 

Key features

  • Broad operative clause providing cover to an insured for any loss as a result of a wrongful act
  • Full policy limit available for breach of Occupational Health and Safety Laws
  • Advancement of defence costs
  • Cover for joint ventures and new subsidiaries
  • Continuous cover
  • Worldwide claim cover
  • Optional reinstatement of policy limit

 

 

 

 

Speak with a business insurance specialist

Our team of friendly business insurance specialists can help you understand what covers are available for your business.