In today's business climate of corporate transparency and accountability, an organisation's directors and officers face a multitude of exposures, both known and unknown, in the workplace.
Directors and Officers Cover: Protects directors and officers of your company from personal losses in the event they are sued for alleged wrongful acts while managing the company, including allegations of mismanagement, breach of duty, or negligence.
– Employment Practices Liability: Safeguards against claims arising from wrongful employment practices such as discrimination, harassment, or wrongful termination.
– Corporate Legal Liability: Covers legal costs and damages resulting from allegations of wrongful acts committed by the company, excluding those covered under other insurances.
– Pension Trustee Liability: Protects trustees against claims related to mismanagement or breaches of fiduciary duty in the administration of company pension schemes.
Who needs Directors and Officers Cover:
• Publicly Traded Companies
• Private Companies
• Nonprofit Organisations
• Startups and Small Businesses
• Board Members of Associations and Clubs
In summary, any organisation with individuals serving in directorial or executive roles should strongly consider obtaining Directors and Officers Insurance to mitigate the personal financial risks associated with these positions.
To find out more about our Services please contact our Dublin office on +00 353 (01) 553 0244 or fill out the form below: