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Directors and Officers insurance can protect your directors, officers and managerial team against claims arising whilst managing your business.
The roles of directors and officers and those of managerial positions come with extra responsibilities to your employees, the public, investors and regulators.
If a claim is brought against you, you could face disqualification proceedings and prosecution and you may end up being personally liable to pay legal costs and other costs as a result of litigation.
Directors and Officers Liability cover offers a way to mitigate against these risks and to protect your directors and officers against claims arising from any wrongful acts, incorrect decision-making or other actions taken within the scope of their regular work duties.
To book a consultation to discuss D&O insurance with our team today, simply fill out our contact form, email us at sales@ermfinancialservices.ie or call us now on 01 845 4361.
If you hold a leadership position within your company – whether your title is director, partner, manager, officer or something else – there’s a good chance you need directors and officers insurance. Here are some of the factors taken into consideration:
Level of responsibility is a key consideration – if you make the decisions about your company’s protocol or investment, then this type of cover could become relevant if things were ever to go wrong.
As a director of a small firm, you may not consider health & safety to be a central aspect of your role. But if a staff member was seriously injured in a workplace accident, your seniority could leave you facing charges that you are personally liable for.
If you answer to shareholders, then these parties could launch claims against managing directors if they believe investment decisions of your lacked due diligence.
As a company director, an employee could opt to sue you directly if they believe you have mismanaged the administration of their non-defined pension scheme. Official investigations like this can impact your reputation, and our insurance can help with certain public relations costs.