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Directors and officers’ liability insurance (often called D&O insurance) is designed to protect directors, officers and employees involved in the management of a company, from personal loss resulting from legal claims made against them while they perform duties on behalf of the company.
A company’s board of directors and officers are personally at risk. They are accountable for all aspects of corporate governance, including business failings, oversights or omissions. Family trusts and the company’s limited liability status may not be enough to keep a director’s home and other personal assets safe.
Directors and officers insurance reimburses the costs resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances and other acts committed in good faith.
Possible legal action can arise from:
We can advise you on the best business insurance solutions to protect you against the financial outfall of claims made against officers and company directors. However, every director’s situation is different and warrants expert advice. Your broker can provide this guidance for you and will work with you to develop an insurance package to cover your risks. In the event of a claim, we'll work as your advocate to help get a fair and prompt result.
Protects your business in the event of claims made by the public in connection with your business's activities.
Product liability insurance protects against claims of personal injury or property damage caused by a business
Directors and officers insurance protects your executives and board from personal financial risk
Statutory liability insurance can protect businesses against certain unintentional breaches of NZ law
Employers liability protects employers against claims brought by employees who have sustained an injury not covered by ACC
Employment disputes insurance protects employers against personal grievance claims brought by past or present employees
Crime and fidelity insurance protect organisations from losses arising from dishonest acts committed by employees
Professional indemnity insurance designed to cover professionals who provide advice
Trustees liability insurance protects trustees from personal liability while carrying out duties performed for the trust