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What is Directors Liability Insurance?

6th September 2013

Mike Daniel of Horner Blakey Insurance Brokers explains.


Even decisions made with the best intentions are subject to scrutiny. Where there are legal actions and investigations that allege misconduct by any director these cannot be ignored, and defending them to prove innocence can be extremely time consuming and costly.


Company Directors are responsible for directing the affairs of their companies.  As a Director you are given wide powers to carry out your duties, but face serious penalties if those powers are not used with reasonable care, or abused.


The Directors Liability insurance provides the financial assistance for Directors to be defended against actions or investigations alleging some form of wrong doing while executing their Director roles. Costs of awards, damages and settlements incurred are covered, although some things such as fines are not covered .


Examples of Actions and Investigations would be:

  • Shareholders & Stakeholders
  • Creditors
  • Employees
  • Customers & Suppliers
  • Regulations Eg; HSE, FSA, Trading Standards


Running a business is complex and regulations are constantly evolving and it is difficult to keep pace with changes. The bulk of claims are incurred in Legal defence costs and without the insurance backing, these would be borne by the company.


Directors Liability Insurance is an accepted element of good corporate governance.

For a no obligation insurance review and to find out more about how we can help you please call Horner Blakey Insurance Brokers on 020 7929 0108 or visit


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