Often, Directors & Officers (D&O) liability is one of the least understood insurance products. If you are running a business, it is extremely essential to have the appropriate D&O cover in place to protect you, the directors, and officers in your organisation from the financial and reputational costs of regulatory or legal action. Whether or not you’re found liable, the costs of defending such proceedings can be significant.
With D&O liability insurance, this policy helps to insure you against personal losses if a legal action is brought against you and the directors in your company. It helps support or reimburse your business for the incurred legal fees in defending individuals who are involved against a lawsuit.
The D&O insurance segment will continue to grow and develop in the years to come, and at East West Insurance Brokers, we know just how important it is to keep up with these changes. Our brokers can offer you security and flexibility with D&O liability insurance.
D&O liability is not immune to risk exposure in an organisation. Claims from employees, clients and stockholders may be made against the directors and officers of your organisation. It’s not only a necessary coverage for large corporations, but it’s also an essential aspect to help protect small organisations and their owners/shareholders appropriately too.
Having a D&O liability policy in place provides protection in the event of any actual or alleged error, misstatement, omission, misleading statement, or breach of duty. In addition, some policies may extend the same coverage to employees. Ultimately, the policy will let you focus on running the organisation rather than worrying over prolonged litigation.
Our brokers are professionals and can guide you through the available options on D&O liability insurance. We can help you find the best solution most suited to your line of work.
Learn how you can keep your business safe, secure, and protected. Take the time to talk to us, you’ll be glad you did:
P: 1800 809 132
*Please note all insurance policies have exclusions. Please refer to the Product Disclosure Statement or Policy Wording before deciding whether the insurance policy meets your needs.