Directors & Officers
The directors and officers of a business not only have a great deal of responsibility, but are usually its most visible members. As a result of this, it is increasingly common for allegations and legal action to be brought directly against the directors or officers of a business, rather than against the business as a whole. Any allegation of wrongdoing needs to be investigated and defended, and this can cost a significant amount – even if the case doesn’t reach court.
This means that should an employee, shareholder or customer feel aggrieved, they can bring action against individuals and if you are a director or officer, this could put your personal finances at risk.
This is where Directors & Officers (D&O) Insurance comes in. D&O insurance covers the costs associated with the defence of an allegation of a wrongful act, taking away the financial risk faced by directors and officers by giving them protection should an allegation be made against them.
Cover can include:
- Breach of Trust
- Breach of Duty
- Corporate Negligence
- Error or Omissions
- Misleading Information and Statements
- Wrongful Trading
- Damages and Legal Costs
As a director or officer, you can be protected with Directors & Officers insurance from Weir Insurance. Get in touch with our dedicated team for more information.
Why should I get it from you?
I deal with Laura and she is very good and professional – dealing with our fleet and business insurance as well as our home contents and caravan