As a director or officer of a company, you expect the company to defend and indemnify you for claims arising from carrying out your role, of which even unwarranted allegations can be costly and protracted. Though there may be willingness on behalf of the company, they may be prohibited by law or lack the financial resources to do so, leaving the individual exposed personally and with that, their personal assets, liberty and ability to hold directorships in the future. This is a risk faced by all directors irrespective of company size, regulatory status and industry.
A directors and officers policy gives directors the comfort in knowing they have cover to call upon should it be required, and the company has peace of mind that they have the necessary financial resource to support their directors should it be required.
Click on the Directors and Officers Booklet below to find out more: