Directors’ & Officers’ Liability Insurance (D&O)
Cover for your leadership team
Protection for senior employees and business leaders.
Get a Quote Today
What is Directors & Officers cover?
Directors’ & Officers’ Liability insurance helps protect senior employees and business leaders from risks that come from the decisions and actions they make while running a company. Also known as Management Liability or D&O Insurance, it covers claims of mismanagement, misconduct, regulatory breaches, and failures in duty of care.
This insurance is suitable for any business, whether you’re a startup or large corporation, and can provide protection worldwide. It typically covers:
- Claims from major shareholders
- Insolvency-related claims
- Regulatory investigations or enforcement actions
- Worldwide coverage for directors and officers
D&O insurance ensures that those steering your business can do so with confidence, knowing they have protection in place.
Why do you need it?
Directors and managers can face allegations of wrongful acts because of decisions or actions taken during the course of business. These claims can come from a wide range of factors, including:
- Statutory obligations under UK legislation, such as the Companies Act 2006, Employment Act 2008, Corporate Manslaughter and Corporate Homicide Act 2007, Equality Act 2010, Bribery Act 2010, and Health & Safety (Offences) Act 2008
- Investigations by regulators and authorities, including the Health and Safety Executive (HSE), HM Revenue & Customs, the Environment Agency, and the Department for Business Innovation & Skills
- Claims from investors, employees, customers, regulatory bodies, or even cybersecurity-related incidents
Without the appropriate cover, defending against these claims, even if they turn out to be unfounded, can be expensive and take up valuable time, affecting both personal and company finances and resources. D&O insurance helps protect directors, officers, and the business itself when these situations come up.
What does it cover?
D&O insurance provides three main types of protection:
- Personal Protection for Directors & Officers: covers legal costs, damages, and settlements if a director or officer is personally named in a claim.
- Reimbursement to the Company: reimburses the business for costs it has covered on behalf of directors or officers.
- Company Coverage: protects the company if it is named in a legal action or when it is difficult to attribute blame to a specific individual.
This coverage usually applies when someone is acting in a managerial or supervisory capacity, and it also covers the company both the individual and the business are involved in a legal action at the same time.
Optional Extensions:
Employment Practices Liability (EPL): covers defence costs and settlements for employment-related claims, such as unfair dismissal, discrimination, harassment, or bullying.
With Directors’ & Officers’ Liability insurance, your leadership team can make decisions confidently, knowing that reasoned protection is in place for both themselves and the company.
Not found what you're looking for?
Please get in touch today if you’re looking for something more specialist, and our expert team will be able to help.
Don’t leave liability to chance
Speak with us to design bespoke cover that protects against legal, operational, and financial risks across your business.
Speak to our TeamLloyd’s of London Broker
We are the only Lloyd’s of London broker solely dedicated to UK moving, self-storage and international relocation industries.
See more about Lloyd's of LondonNews & Insights
