What is directors and officers insurance?
Insurance designed to cover you for range of different situations
As a company director or executive company officer, you are responsible for your business, your employees and some very demanding duties and responsibilities. A directors and officers insurance policy is important as a business owner to make sure you are financially protected.
The law now states that as a Director of business you are required to protect yourself against liabilities such as negligence, default, breach of duty, and breach of trust which can include insurance or criminal proceedings that could be brought against you. This will apply no matter if you are a member of a management association or a Director of a non-profit or charity organisation.
Owning and running a business can be very profitable, so protect yourself and your business with a tailored Directors and Officers insurance policy with The Insurance Octopus.
What your directors & officers insurance policy includes
Breach of Contract and Damages
Directors & Officers Insurance is available in a variety of policies to suit your requirements. We can offer you effective Directors Indemnity Insurance packages that can include cover for: Breach of Duty or Trust, Investigative Legal Fees, Legal Team Expenses (covering both you as a Director and your company), Damages arising from Professional Negligence claims, Damages arising from Slander or Libel claims, Errors or Omissions, Blanket cover for the position of Director (includes all past, present and future directors) and General Damages.
Employment Liability (optional)
Employment Liability cover protects you against situations such as wrongful dismissal claims.
Criminal Activity (optional)
Criminal Activity cover can protect you and your business should an employee be found to have committed criminal offences related to their duties.
Legal Action (optional)
Legal Action costs businesses within the UK millions of pounds every year. Make sure both your business and private finances are protected for if someone takes legal action against you.
Why you need directors & officers insurance
It is important to have a comprehensive directors and officers liability insurance policy. You need to make sure you are protected and the law now permits you as a director to protect yourself against claims for negligence, default, breach of duty, and breach of trust which can include insurance or criminal proceedings that may be brought against a director or officer of any company type.
This will apply no matter if you are a member of a management association or a Director of a non-profit or charity organisation.
Director and Officer Insurance with The Insurance Octopus will provide you with the security you need for your business, and our Directors and Officers coverage of insurance will protect you against the many potential risks that you may come up against. Running a business can be highly profitable so you need to be able to protect your business and yourself from financial loss.
Business insurance brokers
One of our directors and officers’ insurance specialists will discuss your business requirements with you and look to compare quotes from major UK insurance providers. You will get a bespoke policy that ensures you only pay for the cover you need. We can add cover for additional items such as Employment Liability and Criminal Activity.
Get same day cover
We can provide you with your business insurance and documents on the same day in most cases (*subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit.