Company directors and officers can be held liable for claims which may arise from decisions and actions taken within the scope of their regular duties. The last few years have seen a rise in claims on Directos and Officers (D&O) policies, due to more stringent governance guidelines and increased oversight by regulators. Directors and Officers is a type of liability insurance that covers individuals for claims made against them while serving on a board of directors and/or as officers. Some common risk scenarios include employment malpractice, reporting errors, inaccurate disclosures, insolvencies and regulation violations.
Who is this for:
This type of policy is written to cover directors and officers of businesses, non-profit organizations and educational institutions. Generally, any company with a board of directors would be wise to buy D&O insurance.
D&O liability insurance provides your executives with personal liability and financial loss protection from wrongful acts committed or allegedly committed in their capacity as corporate officers. Policy may also be extended to cover:
Important Note: The above constitutes a summary of the product features. Full details as to policy covers, conditions and exclusions are contained in Atlantic’s relevant Insurance Policy document.