Directors & Officers Liability Insurance

Related Topics
Governance: The year ahead
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    Each year we invite speakers to examine some of the threats lurking just over the horizon. Learn what D&O clients should be anticipating, for a broader perspective of board level risks of the near future.

    Watch 2011 event highlights now >
Claims

Directors & Officers Liability Insurance

Directors and officers of all sorts of businesses have certain personal liabilities that come with the fiduciary duties of their position. When directors are accused of breaching these duties, actions may be brought against them personally and with devastating consequences even if they have done nothing wrong.

It’s a common misconception that directors of limited liability companies have limited personal liabilities. Actually this is not the case; directors' personal liabilities are unlimited. And the impacts of a negative ruling can affect an individual’s career prospects for ever.

With so much at stake, directors and officers liability insurance (D&O) provides a source of money for the directors of a company to draw upon in order to fund expensive legal defence and settlement costs as well as meeting the cost of legal representation during the preceding investigation period.

Today most large UK companies automatically ensure there is D&O cover in place for their directors. The potential exposures are so onerous that people operating at a senior management or board level may be wary of accepting position without first reviewing the quality of the company's policy.

Yet the exposures for smaller companies are the same as they are for large ones; in some respects higher. Government bodies are increasing their focus on the quality of management shown by leaders of small and medium-sized organisations, so the number of investigations being instigated in this sector is rising rapidly.

Whatever the size of the company or organisation the intrinsic value of their D&O policy depends upon the cover provided and the ability of their insurer to make good on their promises. Chartis is a world-leader and was a pioneer in this field of insurance. Our long experience informs us where the risks lie that need to be addressed and the direction new threats are likely to come from. And, when it comes to the crunch, that experience really shows in our ability to prepare and defend our clients.

Chartis is an industry-leader in the directors and officers liability field, with long experience and one of the largest specialised claims teams in the UK market.

Market

Public and private companies, partnerships and not for profit entities.

Features & Benefits

    • Cover for all sizes and many types of company structure, from the largest multinationals to private companies, not for profits and partnerships
    • Chartis is an industry-leader in the D&O field, with long experience and one of the largest specialised claims teams in the UK market
    • Value-added loss reduction services like public relations consultancy assistance to help manage the fallout from a crisis

Cover

  • Range of specialised covers

    Chartis offers tailored D&O policy options designed to suit the nature of all sorts of business types and director needs, including: 

    • Financial institutions and companies listed on the AIM market

    • Cover that ring fences the liabilities of a purchased company

    • Top-up cover that protects directors in the case that their primary limit has been used up

    Cover for all sort of structure types

    The size and structure of an organisation can exposure it to different areas of risk. We have covers designed to suit the particular needs of the largest multinational organisations – as well as for the smallest family business, partnership or not for profit entity.

Chartis Offerings