Directors & officers insurance
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So even better than apples to apples, apples to better apples. We're talking Galas to Braeburns.
As you'd expect, T&Cs apply.
Directors' and officers' insurance quote from £7.94 a month
40% of businesses paid £7.94 a month or less for their directors' and officers' insurance between January and March 2023.
What does insurance for directors and officers cover?
Directors' and officers' insurance, also known as management liability insurance and D&O insurance for short, exists to protect entrepreneurs from the risks associated with running a business. It is available for businesses of any size, whether it’s a small startup or a large organisation.
- Worldwide cover
- Insolvency
- Major shareholder claims
- Regulatory events
- Cover for fines, penalties and legal expenses
- Reimbursements for the company paying on behalf of directors
- Cover for the company in the event of a lawsuit
- Protection from allegations of mismanagement
As featured in
Directors' and officers' insurance FAQs
What is directors' and officers' insurance?
Directors' and officers' insurance is a cover designed to cover the cost of claims made specifically against a business's directors and officers (rather than the company in general, or specific employees in non-management positions).
Who needs directors' and officers' insurance?
If your directors or management team have legal or regulatory responsibilities to employees, the public, regulators, investors or other directors, then D&O liability insurance should be considered. It is particularly important for companies who have raised or who are seeking investment from external shareholders. All firms that fall under the Senior Managers Certification Regime (SMCR) have an increased risk in making sure they act appropriately. D&O is even more relevant for these firms as it ensures your employees are covered if they unintentionally run afoul of their regulatory responsibilities.
Is D&O insurance the same as management liability insurance?
Yes, these are two names for the same type of insurance.
What if I’m in charge of several businesses?
No matter how many companies you’re involved in, you’ll be covered for your activities within all of them, as long as you provide this information at the moment of taking out your policy. And if your responsibilities increase at a later date this is easy to change at any point, with no additional fees.
Just give us a call and we can update your policy and advise you on any changes to the cost.
What if I don’t hold a considerable share in the company?
It doesn’t matter how big or small a share you hold in a company. If you have management responsibilities, particularly if they’re of a legal or regulatory nature, then you should consider D&O.
What happens if I sell my shares?
Selling your shares in a company may or may not affect the level of D&O cover you need. However, whenever your role or position changes, you should always let us know to ensure your policy is up-to-date.
Is directors' and officers' insurance the same as a fidelity bond?
No, they are not the same thing. D&O insurance will cover claims made against directors and officers of a company for acts such as neglect, breach of trust, making misleading statements or breach of duty. Fidelity bonds (or fidelity insurance) covers the cost of criminal acts such as theft, fraud or forgery by an employee.
What is not covered under directors' and officers' insurance?
D&O insurance does not cover claims made against business as a whole, only those brought against named individual directors and officers of the company. It also does not cover any acts that are established as being criminal, fraudulent or deliberately non-compliant with relevant regulations.
Who is covered under directors' and officers' insurance?
Rather than covering a business as a whole, D&O insurance protects the personal assets of a company's directors and officers in the event that a claim is made against them personally (for either actual or alleged mismanagement) by a third party, such as an investor, an employee, a competitor or a customer.
Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.
A-rated financial strength
Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk.