Directors and Officers Insurance Specialist Referral
Directors and officers insurance can help protect company directors, officers, partners, senior managers, trustees and decision-makers against claims connected with the management of a business or organisation.
If you would like help finding suitable directors and officers insurance, Quote Monkey can help route your enquiry for specialist review. Suitable enquiries may be passed to an independent specialist insurance broker who can review your requirements.
General Directors and Officers Insurance Information
Directors and officers insurance is a specialist form of management liability cover. It may help protect individuals who make decisions on behalf of a business, charity, club, association or other organisation.
Claims can arise from allegations of wrongful acts, errors, omissions, breach of duty, mismanagement, regulatory issues, employment-related decisions or failures in governance. Because the cover can be complex, it is important to make sure the insurance product is suitable for your organisation.
Quote Monkey can pass suitable enquiries to an independent specialist broker who can review your requirements and advise whether they may be able to help.
What Can Directors and Officers Insurance Cover?
Management Decisions
Cover may help where claims arise from decisions made by directors, officers, partners, trustees or senior managers while acting in their official role.
Legal Defence Costs
A policy may help with legal defence costs if an insured person is accused of a wrongful act, breach of duty, misstatement, omission or mismanagement.
Personal Liability Protection
Directors and officers insurance may help protect individuals where claims are brought personally against them for actions taken on behalf of the organisation.
Regulatory and Governance Matters
Cover may be relevant where disputes or investigations relate to governance, company duties, compliance, reporting, financial management or decision-making.
Why Businesses and Organisations May Need Cover
Directors, officers and senior decision-makers may be personally named in claims relating to how an organisation is managed. Even where a claim is successfully defended, legal costs can still be significant.
Examples could include allegations that a director made a poor decision, failed to follow company duties, mishandled funds, misrepresented information, breached authority, or failed to comply with regulatory obligations.
Companies, Partnerships and Charities
Directors and officers insurance may be relevant for limited companies, partnerships, charities, clubs, associations, resident management companies and other organisations with people making management decisions.
A specialist broker may ask about the organisation type, turnover, activities, number of directors, claims history, financial position and whether any additional management liability covers are needed.
Directors, Officers and Senior Managers
Cover may be relevant for directors, officers, partners, trustees, committee members and senior managers who make decisions or act on behalf of an organisation.
Broker and insurer acceptance can depend on the organisation's activities, governance, claims history, financial position and the level of cover requested.
Factors That Can Affect the Cost
The cost of directors and officers insurance can depend on the organisation type, turnover, business activities, number of directors or officers, financial position, claims history, selected indemnity limit and any additional management liability cover required.
Providing accurate information can help the broker understand your organisation and advise whether suitable cover may be available.
Policy Terms, Limits and Exclusions
Directors and officers insurance policies can vary. Before arranging cover, review the policy wording, indemnity limits, exclusions, insured persons, organisation activities, territorial limits, claims conditions and any requirements that apply to your business or organisation.
Cover is subject to insurer acceptance, underwriting criteria, selected limits, disclosed activities, terms and conditions.
Request a Specialist Broker Referral
If you would like help finding directors and officers insurance, please complete the specialist referral enquiry form. Quote Monkey can pass suitable enquiries to an independent specialist broker who can review your requirements and advise whether they may be able to help.
Frequently Asked Questions – Directors and Officers Insurance
Below are answers to common questions about directors and officers insurance and specialist broker referrals.
Directors and officers insurance is designed to help protect directors, officers and senior decision-makers against claims connected with decisions or actions taken while managing a business or organisation.
Quote Monkey can pass suitable enquiries to an independent specialist insurance broker who can review your requirements and advise whether they may be able to help. Any cover will be subject to underwriting, insurer acceptance, terms and conditions.
Directors, officers, partners, trustees, committee members, senior managers and other people making management decisions may need cover, depending on the organisation and their responsibilities.
It may help with claims alleging wrongful acts, errors, omissions, breach of duty, mismanagement, poor decision-making, misstatement or failure to comply with duties, subject to policy terms and exclusions.
Directors and officers insurance is mainly designed to protect insured individuals. Some policies may include entity cover or additional management liability sections, but this depends on the policy wording.
No. Directors and officers insurance relates to management liability claims against decision-makers. Professional indemnity insurance usually relates to claims arising from professional advice, services or design work.
A broker may ask about the organisation type, turnover, activities, number of directors or officers, financial position, claims history, previous insurance and the level of cover required.
No. Cover is not guaranteed. Any quotation or offer of insurance will be subject to the specialist broker's and insurer's underwriting criteria, terms and conditions.
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