Directors & Officers Insurance

What is Directors' and Officers' Insurance?

Directors’ and Officers’ Liability Insurance is protecting the businesses against the cost of any compensation claims that are made against either directors or key managers for neglect or other wrongful acts.

This could include a breach of confidentiality or trust, an error that has been made or potentially any misleading statements that have been made to clients that could result in legal action. Directors’ and Officers’ cover can provide:-

  1. Peace of mind for key members of your business
  2. Financial protection against hefty legal fees
  3. Flexible policies to suit your needs, and expert advice

Why Have Directors’ and Officers’ Liability Insurance?

If your company doesn’t have Directors. and Officers’ Liability insurance – you are at a much greater risk of having to spend vast amounts on legal costs defending yourself, you could end up disqualified from your position – or worst case scenario which could end up being criminally prosecuted which could lead to large fines or even imprisonment.


If your business has Directors and Key Managers who could potentially be at risk of a claim in the future – then cover can give you that peace of mind that those people can be protected.

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Frequently Asked Questions

Directors and officers insurance doesn’t cover claims that are made against your business, only individuals. This means if there are any issues with your organisation in general you would need to claim upon your professional indemnity insurance instead. If you don’t have this – you wouldn’t be covered.

There are multiple directors and officers insurance policies available depending on what your business needs are. Most don’t cover criminal offences for example, however we will discuss your company’s individual circumstances and see what fits you best.

If your company doesn’t have directors and officers insurance – you are at a much greater risk of having to spend vast amounts on legal costs defending yourself, you could end up disqualified from your position – or worst case scenario which could end up being criminally prosecuted which could lead to large fines or even imprisonment.

Testimonials

Work is carried out efficiently, professionally and to a very high standard. We are happy in the knowledge that P I Professions will always do their best to look after our business and drive it forward. Excellent customer service!

P I Professions certainly seem to know what they are doing, really comprehensive reply giving much more advice than most are willing to offer.

I have seen lots of emails about using certain brokers but none can compare with the detailed advice & service we receive from PI Professions. The 123 page tender document was sent to them today at 09.28 and I received this reply at 11.38!

I have recently contacted P I Professions Ltd regarding professional indemnity insurance. I have received a prompt and efficient service. My requests were responded to in a timely manner, queries were answered clearly and comprehensively and key facts were delivered impeccably.

I have recently contacted P I Professions Ltd regarding professional indemnity insurance. I have received a prompt and efficient service. My requests were responded to in a timely manner, queries were answered clearly and comprehensively and key facts were delivered impeccably.

Excellent service from start to finish. We were particularly impressed by the fact Lorraine took time to come out and see us and get a feel for our business and it’s requirements. It is so much easier to explain things to someone face to face so they can grasp the business.