[vc_row el_class=”main_heding”][vc_column][vc_custom_heading text=”Directors and Officers Liability Insurance” font_container=”tag:h1|font_size:48px|text_align:center|color:%230b4670″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal” el_class=”main_title”][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Protection for your personal assets and professional reputation” google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal”][vc_column_text]Directors and Officers Liability (D&O) insurance is designed to protect personal assets of directors and officers of corporation by providing indemnity for loss arising from a claim arising from a wrongful act in the course of performing their duties as a director or officer.

Being sued can be a traumatic and expensive experience and can put your personal assets at risk. The increasingly litigious nature of our society, the rise of class actions along with increasing corporate governance and regulatory surveillance, places great pressure on company directors and officers to perform meticulously. It is prudent to ensure that you have adequate cover.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Directors and Officers Insurance is relevant for any Director, Officer or Senior Manager of a public, private or government organisation. Claims can arise from a variety of sources, including, but not limited to:
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  • Employees – actions alleging discrimination, harassment, breach of employment contract, defamation, misleading misrepresentation, wrongful discipline, etc.
  • Creditors – alleging that the director allowed the company to trade whilst knowing it could not pay its debts.
  • Government agencies – directors and officers may be personally liable for breaches of hundreds of statutes.
  • Competitors – Trade Practices Act claims brought against the directors for misleading and deceptive type conduct.
  • Shareholders – alleging that the directors mismanaged the operations of the company and its funds.
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] In the case of individuals, the consequences can be severe as breaches of statutory regulations can lead to heavy fines and in some extreme situations, imprisonment. In many cases Directors accept a career-damaging ban simply because they cannot afford the defence costs involved.[/vc_column_text][/vc_column][/vc_row]