What is Directors and Officers Insurance?
Directors and Officers Insurance will provide essential protection against the financial costs of claims being made where you are deemed personally liable. If there is a time where the company is required to indemnify the Directors, this insurance will cover the losses made by the company.
Directors and Officers are legally required to act in good faith within the law and have a duty to act in the best interests of the company, and above your personal interests, and this includes a further responsibility to ensure that other directors do likewise.
If you do not, you face fines, imprisonment and compensation for damages that could involve the seizure of your personal assets, such as your home, car, properties, savings.
It is not just directors that face claims, as company officers and senior managers can also be held personally liable for their actions and many do not even realise that they could have to defend themselves from legal action. Directors and Officers Insurance will provide peace of mind in knowing that you will be able to defend yourself if the situation should arise
“DPI are always on hand to discuss insurance matters at length and are quick in assessing the complexity of issues enabling them to provide sound advice and guidance, often out of hours. I have never felt that their advice or service was compromised by budgetary constraints. We recently had a devastating fire which totally destroyed our main woodworking manufacturing facility. Our account manager was on site within a day and remained on hand to guide us throughout the complex claim process which has proved invaluable. I can, without reservation, say that DPI’s advice and service provide us with essential protection which will compliment and add value to any business or individual.” – Leonard Pitt, Shellen Construction Limited
Enhanced D&O Cover
*Available with selected insurers
- Limit of indemnity – any one claim
- Crisis containment cover – up to £100,000 of public relations costs
- Internet and email and breach costs cover added to corporate legal liability section for no additional premium
- Cover for civil fines and penalties now included
- Defence costs up to £100,000 for breach of contract
- Personal tax liability up to £250,000 where an insured person is liable following insolvency for unpaid taxes
- Automatic cover for Management buy-outs for 45 days
- Access to BusinessHR (employer advice service) – access is free when EPL is purchased.
Why choose DPI Insurance Brokers?
Ongoing expert advice and friendly customer service year after year at an average service rating of 4.9 out of 5 from independent review site Feefo.
DPI Insurance are part of the Purple Partnership and have access to specialist endorsements for a number of our policies, giving our clients extra benefits.
We have built up a large client base with our panel of A rated insurers and this relationship provides us with preferential rates on all our insurance quotes.
We conduct a detailed fact-find to understand all aspects of your business enabling a policy to be bespoke to your requirements.