Looking for Directors and officers insurance, we’ll do all the hard work for you.

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Even in the safest workspace, accidents can happen. Every business needs some form of liability insurance, for that extra financial protection in case of an injury that leads to legal action as well as some peace of mind.

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If you run a business, other people can take you to court. Public liability insurance guards against claims that can cause stress and cost you time and money. UK Sure can arrange to cover you for up to £10 million in legal costs, compensation, and expenses – whether you work in carpentry, retail, or IT services.

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What is directors’ and officers’ insurance?

 

Directors’ and officers’ insurance, also known as D&O insurance or directors’ liability insurance, is designed to provide financial support for key people within your business if they face allegations of personal wrongdoing.

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It works to protect directors, officers, partners, and other company leaders in the event they stand accused of a wrongful act, such as:

• Breach of duty of care

• Breach of trust

• Negligent errors

• Defamation

• Health and safety failure

• Causing pollution

• Mismanagement of pension schemes

 

It’s there to help with the cost of defending company leaders from such allegations and to support the losses you might experience as a result of such a claim. Directors’ and officers’ insurance can also help with the financial side of investigations, plus the costs you may incur in an attempt to mitigate the need for investigations.

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Do I need directors’ and officers’ insurance?

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You might need directors’ and officers’ insurance if you hold a leadership position within a company, whether your title is partner, director, general manager, officer, or something else.

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Level of responsibility is a key consideration – if you make the decisions about your company’s protocol or investment, then this type of cover could become relevant if things go wrong.

You may not consider be a central aspect of your role as the director of a small technology firm. However, if a new starter became seriously injured in a workplace accident, your seniority could leave you facing personal charges if the Health and Safety at Work Act 1974 has been breached.

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In a similar vein, an employee could opt to sue you as the company director if they claim you mismanaged the administration of their non-defined pension scheme. Even if your name is cleared, an official investigation could impact your reputation – our insurance can help with certain public relations costs.

If you answer to shareholders, then these parties could launch claims against managing directors if they believe your investment decisions lacked due diligence.

 

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