Directors & Officers Liability Insurance

Directors and officers liability insurance (D&O insurance) provides coverage for you, your company, and its assets against liability claims related to corporate activities. This insurance is crucial for protecting companies, directors, and officers from a wide range of legal issues and actions.

Applicable Situations

• Workplace Issues: Covers claims related to harassment, discrimination, defamation, wrongful discipline, and breach of employment terms.
• Government Agencies: Protects directors and officers from personal liability for damages caused by the company.
• Misconduct and Mismanagement: Includes liability for actions like mismanagement of funds and misleading acts towards competitors.

Coverage Inclusions

• Protection for Decisions and Actions: Safeguards individual directors and officers from claims arising from negligent decisions or actions.
• Asset Protection: Can include personal asset protection for directors and officers.

Exclusions

• Other Insurable Losses: Does not cover losses that fall under other types of insurance, like professional indemnity insurance.
• Criminal or Fraudulent Conduct: Excludes illegal or dishonest acts.
• Known Claims and Circumstances: Does not cover pre-existing or known claims.
• Litigation Exclusions: Excludes claims initiated before the policy’s coverage start date.
• Catastrophic Hazards: Often excludes events like war, terrorism, and environmental disasters.
• Insured vs Insured Claims: Excludes claims made by others insured under the same policy.
• Major Shareholder Exclusion: Excludes claims by individuals holding a significant percentage of the company.
• Specific Broker Exclusions: Tailored exclusions as identified during underwriting.

For comprehensive assessment and policy formulation, businesses can contact Sydney Insurance Brokers for expert guidance on directors and officers insurance needs​​.