What is a D&O policy? (Overview of cover)

The Directors’ and Officers’ liability policy covers the directors, managers and supervisors of the company if they are liable in their personal capacity for mismanaging the company. Cover is provided for

  • The costs of personal legal representation incurred by individual directors and officers in their defence against any civil or criminal proceedings.
    • If the company employing the directors and officers pays the legal costs associated with that claim, then the Insurers will reimburse the company.
  • Damages, including claimant’s costs, awarded against directors and officers. The policy will also cover out of court settlements.
Subject: 
Directors and Officers Liability