Directors & Officers Insurance

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Directors & Officers Insurance

What does Directors and Officers Insurance cover?
This policy deals with a number of civil liabilities that directors can incur personally. It covers the directors and their officers against a wrongful act during the period of Insurance in the capacity of their role as a director or officer of the corporation. Wrongful acts can be described as breach of duty, breach of trust, neglect, misleading statements, omission, and breach of warranty or authority.

SHC is here when you need to protect yourself from civil liabilities. Contact us to discover the best solution for your Directors and Officers Insurance needs. We’re here to help when you aren’t sure what cover is right for you. We have experience professionals that can explain the options to you and help you understand what is covered under this type of insurance.

What is excluded from Directors and officers Insurance?
Like all insurance, there are certain exclusions from Directors and Officers Insurance. One of the professionals at SHC will be happy to explain these exclusions to you so you’ll understand how they might affect your business. With the level of personalised service we provide, you be able to get the right cover for your directors and officers.

Exclusions are:

  • Fraudulent, dishonest or criminal acts of the particular director or officer, this does not extend to non fraudulent directors or officers.
  • Fines and penalties as a rule , but increasingly cover is being provided for some defense costs and some fines, refer extensions – Defense Costs are increasingly being Insurable and even Pecuniary penalties where allowed by the court .
  • Known Circumstances, Where circumstances are known at the time of commencement of the policy
  • Certain legal jurisdictions are not recognized like US, policy would not respond to a US court decision.
  • Losses arising out of bodily Injury or property damage – this is covered by other Insurance, mainly legal liability

Increasingly the market are providing broader covers under this class of Insurance.

For more information concerning Directors and Officers Insurance, Call 02 9806 2000 or please use our Contact form here

For detailed information concerning Directors and Officers Insurance, please click on the pdf icon under the downloads below to download a PDF containing an extensive explanation of Directors and Officers Insurance.

What our clients say:

Join the many satisfied customers that SHC has already helped. See what some of these customers are saying about their experience with SHC:

“When you’re looking for an insurance company that goes beyond your expectations, SHC is the one. As a busy professional, I need a company that is there when I need them. When they explained the benefits of Directors & Officers Insurance, I decided it was the right decision for my business. SHC is always there to improve our coverage at great rates.”

“We weren’t sure if our people needed Directors & Officers Insurance, so we asked SHC if it was right for us. Since we go through SHC for all of our other insurances, we knew we could trust them for help. With the quote they gave us, we decided that we needed to take the extra step and protect our directors with this Insurance. SHC makes sure your business has the right coverage."