Director & Officers (D&O) provides legal defence costs, cover for any final settlement or compensation award, as well as crisis costs and PR costs for claims made against Directors of a business.
Claims can be made against the directors & officers within your organisation from your shareholders, fellow directors and employees through to creditors, funders, customers and regulatory bodies.
In this ever growing litigious and regulated society claims against directors and officers of a business are becoming more frequent.
What is vitally important to consider is that the legal defence costs in defending a claim can quickly run in to tens of thousands. D & O cover is a proactive approach to protecting the Directors of a business.