What is Directors and Officers (D&O) insurance?

4th June 2019

Horner Blakey Insurance Brokers are always looking at risks that have the potential to seriously affect your business or perhaps, more frighteningly, can mean your own personal bankruptcy.

Business and trade continues to become more complex and is being compounded by extra regulation, cyber breaches, advances in employment legislation and an ever growing litigious culture.

Directors and Officers Insurance protects key people in an organisation against personal liability given directors, managers and employees of companies are subject to various standards and duties in the day to day work place with attaching accountability and responsibility.

If an individual falls short of their obligations they can be held personally liable via civil, criminal or regulatory proceedings.

Directors and Officers insurance protects these individuals, covering the costs of defending allegations made against them and reimbursing associated fines and penalties.

Modern policies typically include an element of protection for the organisation itself, as well a range of optional covers.

Every organisation can benefit from Directors and Officers insurance, regardless of its size or legal status.

Smaller companies and organisations have limited resources to defend allegations or fund potential fines, penalties or awards for damages, and this is where Directors and Officers insurance can make a big difference.

Directors and Officers insurance can also prove to be a valuable when reviewing areas such as corporate governance or risk management strategies.

To avoid potential allegations of wrongful conduct investigate a Directors and Officers policy. Cover can be arranged for companies, residents associations, charities and those taking up voluntary positions.

Horner Blakey Insurance Brokers work closely with specialist insurers to ensure you and your business are best covered.

For a no obligation directors and officers insurance quotation please contact Horner Blakey Insurance Brokers on 020 7929 0108.

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