Your Global Insurance Partner

Director & Officer Insurance

D&O Insurance

Directors and officers of publicly traded corporations, private companies, SMEs, or non-profit organization (NPO) are personally exposed to unlimited financial liability. All have the same legal duties and obligations. It is the responsibility of both the company and board of directors to ensure that they avail themselves of the highest possible level of protection and security.

  • Opting for the D&O insurance limits the impact of the financial consequences that the directors owe on their assets.
  • Covers the company‚Äôs directors, officers and managers 
  • Cover legal defence costs as and when they are incurred
  • Civil fines and penalties imposed where insurable by law
  • Financial cover of damages if hold liable

What is D&O Insurance?

A D&O insurance is available for corporate executives. This type of insurance protects them against claims arising from actions taken in the performance of their duties. D&O coverage includes financial protection for managers against the consequences of actual or alleged “wrongdoing”. As such, D&O insurance has become a regular feature of corporate risk management.

Who needs D&O Insurance?

Whether you are a small business, a NPO or a multinational corporation, D&O insurance protects your directors and officers. It covers them against legal costs and financial loss that can impact your employees’ personal assets and careers.

The following positions should consider obtaining D&O insurance to cover their risks:

  • Past, present and future directors
  • Directors holding a non-executive position
  • Employees in executive positions
  • Shareholders, investors & creditors

What does D&O insurance cover?

  • Employment practices and human resource issues
  • Shareholder actions
  • Reporting errors such as company accounts
  • Breach of fiduciary duty resulting in financial loss or bankruptcy
  • Misrepresentation of company assets
  • Misappropriation of a company’s funds
  • Theft of intellectual property and poaching of a competitor’s customers
  • Lack of corporate governance
  • Failure to comply with workplace regulations or laws
  • Corporate manslaughter
  • Insolvency
  • Claims by creditors
  • Competitor claims
  • Claims made by the company itself are also at risk
Directors and Officers Insurance

Why BLACAZ?

Whether you are a small business, a NPO or a multinational corporation, D&O insurance protects your directors and officers. It covers them against legal costs and financial loss that can impact your employees’ personal assets and careers.

How to switch insurance if I’m already covered?

Whether you are a small business, a NPO or a multinational corporation, D&O insurance protects your directors and officers. It covers them against legal costs and financial loss that can impact your employees’ personal assets and careers.

What does not D&O insurance cover?

  • Illegal act
  • Illegal profit
  • Property damage and personal injury
  • Legal action already taken at the beginning of the police
  • Claims made under a previous policy
  • Claims covered by other insurance