Recent events around the world have changed the way business is done, remote and virtual workplaces are now more common practice. With this flexibility also comes the potential exposure for businesses and their Directors, things have never been less certain. Government regulatory intervention created a safe harbour for insolvency risk but it was temporary. Directors need to protect themselves in an environment of increased scrutiny and class actions.
Directors and Officers liability is a policy covering legal actions against Directors and Officers (D&O’s) arising from wrongful acts committed whilst running a company. The policy covers legal costs and judgments awarded against the D&O’s personally. This cover protects the personal assets of the Directors and Officers.