Directors And Officers Liability Insurance
Even if your business has a wide range of insurances in place, it is possible you are missing an essential piece of cover: Directors and Officers Liability Insurance (D&O).
Directors and officers have specific duties, responsibilities and powers relating to their positions that can make them the target for legal action. D&O Insurance covers the cost of compensation claims made against your business’ directors and key managers for alleged wrongful acts. Claims of breach of trust, breach of duty, error, neglect, wrongful trading, libel and more can be brought against your key staff by a range of parties including employees, shareholders and even regulatory authorities. Wherever these claims originate from, the financial implications can be huge as defence costs and compensation will come directly out of their pocket.
Coughlan General Insurance can arrange effective D&O insurance that keeps your directors protected with cover for personal liability, corporate liability, employment practice protection, corporate manslaughter defence and more, providing you with the peace of mind that comes with knowing your senior staff are protected.
For more on D&O Insurance, get in touch with Coughlan Insurance today.