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Directors and Officers Liability Insurance

Company directors and officers can be held liable for claims which may arise from decisions and actions taken within the scope of their regular duties. The last few years have seen a rise in claims on Directos and Officers (D&O) policies, due to more stringent governance guidelines and increased oversight by regulators. Directors and Officers is a type of liability insurance that covers individuals for claims made against them while serving on a board of directors and/or as officers. Some common risk scenarios include employment malpractice, reporting errors, inaccurate disclosures, insolvencies and regulation violations.

Who is this for:

This type of policy is written to cover directors and officers of businesses, non-profit organizations and educational institutions. Generally, any company with a board of directors would be wise to buy D&O insurance.

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What we cover

D&O liability insurance provides your executives with personal liability and financial loss protection from wrongful acts committed or allegedly committed in their capacity as corporate officers. Policy may also be extended to cover:

  • Regulatory crisis costs
  • Extradition proceedings
  • Emergency costs
  • Civil penalties and fines
  • Extended discovery period


Important Note: The above constitutes a summary of the product features. Full details as to policy covers, conditions and exclusions are contained in Atlantic’s relevant Insurance Policy document.

Competitive Benefits

  • Prompt and fair claims settlement
  • Competitive Prices
  • Cover limits can be tailored to your business needs 
  • Highly personalised service from our experienced personnel in all towns

Frequently Asked Questions

  • Q1. Why do boards and senior management need D&O insurance?A1. Administrators, managers and directors of any company, regardless of size or activities, carry significant responsibilities in relation to their decision making. This may result in claims against them for actual and alleged breach of duty, neglect, misstatements, errors and omissions.
  • Q2. Who is covered under a D&O insurance policy?A2. A D&O policy provides cover for the past, present and future directors, non-executive directors and employees in managerial or supervisory capacities.
  • Q3. In what circumstances can a D&O insurance policy offer protection?A3. A D&O policy can offer protection in cases of legal action instituted against a director and/or officer by any of the following:
    - Stockholders, investors, creditors, banks
    - Supervisory board
    - The company itself and/or its employees
    - Regulators, state authorities, unions
    - Customers, suppliers, competitors

  • Q4. What is the difference between D&O Insurance and Professional Liability Insurance?A4. D&O insurance specifically covers members on a board of directors and officers. Professional liability insurance, on the other hand, covers professionals (of nearly any position within a company) that offer specialized services. A director or officer does not have to be a specialist or a professional in order to be covered under D&O insurance. These same individuals would not, however, qualify for professional liability insurance.
  • Q5. Does D&O insurance provide cover for fraudulent acts?A5. No, D&O insurance does not include cover for fraudulent, criminal or intentional non-compliant acts or cases where directors obtained illegal remuneration or acted for personal profit.
  • Q6. Am I covered for a claim submitted within the insurance period which relates to an event preceeding that period?A6. Yes, provided that the incident giving rise to the claim occured after the retroactive date. A retroactive date is the date from which you have held uninterrupted insurance cover (even if you changed insurer during this time) or a date in the past from which your insurer has agreed to cover you. Any claims that arise from events prior to this date are not covered by your insurance.

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