Directors and Officers Liability Insurance (D&O)
Insurance cover that protects company directors against claims from shareholders, employees and customers, as well as against legal or administrative proceedings brought against them in connection with their duties. This insurance covers management errors committed by directors in the course of their duties.
The main purpose of this cover is to protect the private assets of individuals who hold executive positions and whose liability is called into question in that capacity.
Complaints against executives are on the rise, driven in particular by a political desire to hold executives accountable following several high-profile scandals, the emergence of numerous movements defending collective interests, and a general awareness, particularly through the media, of the ability to hold executives liable.
Faced with an increase in claims, D&O cover is proving to be an essential protection mechanism for executives.
It is important to note that D&O cover covers both defence costs (lawyers' fees, experts' fees, etc.) and any amounts awarded in a judgment. You can choose the amount of cover you wish to be insured for.
Quercus Risk & Capital assists you in finding the insurance solution best suited to your needs.