D&O Insurance provides financial protection for past, current and future directors and officers in respect to defence costs, legal representation expenses, damages, settlements, crisis costs or public relations expenses relating to actual or alleged “wrongful acts” arising from the performance of their duties at their company. In an increasingly litigious world an board needs to ensure that it’s directors are adequately covered in order to attract the best directors and officers.
- Employment practices such as Wrongful termination, sexual harassment or discrimination
- Disgruntled shareholder action
- Reporting errors / inaccurate or inadequate disclosure (e.g. in company accounts)
- Exceeding authority
- GDPR or other statutory breaches.