Directors & Officers

Running a business is challenging at the best of times. Get the right cover to safeguard your company and employees so you can focus on growing your business whilst protecting you from the risks and potential liabilities that come with running your company.

Independent

Independent

Complimentary policy reviews

Complimentary policy reviews

No hidden fees

No hidden fees

Directors and Officers Liability (D&O)

Directors and Officers (D&O) Liability Insurance Cover is designed to protect the assets of directors and other company officials against personal liability claims.

With strong corporate governance and regulatory frameworks in place, decision makers and their boards may find themselves the target of personal liability claims resulting from decisions they’ve taken.

Case Study:
Misappropriation of Trade Secrets

A Managing Director of a competing construction company sued the Directors and Officers of an Insured competing construction company for $820,000 after 4 builders left to join the Insured competing construction company. The company alleged theft of trade secrets and claimed that the 4 builder employees were still in the employment of the construction company when they began sharing proprietary information with the Insured competing construction company.

This claim was covered under the Insured’s Directors & Officers Liability policy. The claim proceeded to hearing and was settled at mediation for the amount of $680,000 with $240,000 of costs incurred in legal costs and expert fees. 

 

 

Book In Your Free Consultation

Got an IT Managed Service Provider? 5 Reasons why you still need Cyber Insurance

There is a perception and false sense of security that your outsourced IT team can protect your business against all cyber threats. This often leads to SME businesses thinking that cyber insurance is unnecessary. Your IT Managed Service Provider (MSP) is your first line of defence. Among other...

Opening banking brings great opportunities and greater responsibilities

The start of the new financial year brings us a step closer to open banking. From 1 July 2019 the big four banks have been asked to share their product data voluntarily, which will make comparison of different products easier. While consumers are the ultimate winners with...

Are you on top of your AML obligations?

AUSTRAC’s appointment of an external auditor to Afterpay Pty Ltd to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) is a reminder to all financial service providers, FinTechs in particular, of their compliance obligations and role in...

Do Private Companies Need Directors Insurance?

There is a misconception that only directors of publicly listed companies need Directors & Officers (D&O) Liability insurance to cover them against lawsuits brought on by shareholders. The fact is that private company directors have just as much exposure to a management liability claim as...

What are the top 4 challenges facing Fintechs?

The Fintech sector has experienced exponential growth since its emergence. It has proved to be highly disruptive and transformative as consumers are now offered more choice and control over how they handle their finances. As a consequence it is gaining the attention of regulators and compelling...

A Cyber Insurance Case Study: Denial of Service Attack in the Retail Sector

Cyber risk remains a very hot topic for all businesses, including the retail sector.It is a widespread industry issue for the retail industry as they are prime targets for hackers due to the amount of data they hold on their customers and volume of credit card transactions processed. Hackers are...

Contact Information

Level 4, 309 George Street
Sydney NSW 2000