Directors & Officers Liability Insurance, often referred to as D&O Insurance, is an insurance policy designed to protect the directors and officers (including senior managers) for alleged wrongful acts whilst carrying out their duties in running a company. Directors & Officers Liability Insurance can also extend to include cover for the organisation itself or ‘entity’ as often, proceedings are brought against company directors and the organisation simultaneously.
Directors & Officers Liability Insurance can also cover claims relating to:
Health & Safety at work Act
Data Protection Act
Disability Discrimination Act (DDA)
Typical claims can arise from many different sources including: