Directors & Officers (D&O) Insurance

Directors & Officers Insurance protects people in management roles from personal liability. It covers alleged wrongful acts they commit as a director or officer. Cover usually works through two or three parts, called 'Sides'. Side A pays directors and officers directly when the company cannot indemnify them. Side B pays back the company when it indemnifies its directors and officers. Side C, where included, covers the company itself for securities claims. In Australia, this cover is essential. Directors face personal risk for governance failures and breach of fiduciary duty. They also face risk from insolvent trading, continuous disclosure breaches, Fair Work claims, and regulator investigations, including by ASIC. Cover is claims-made, so you must notify the insurer during the policy period. Common exclusions include proven dishonest conduct, criminal fines, and bodily injury or property damage.

Directors & Officers Insurance protects people in management roles from personal liability. It covers alleged wrongful acts they commit as a director or officer. Cover usually works through two or three parts, called 'Sides'. Side A pays directors and officers directly when the company cannot indemnify them. Side B pays back the company when it indemnifies its directors and officers. Side C, where included, covers the company itself for securities claims. In Australia, this cover is essential. Directors face personal risk for governance failures and breach of fiduciary duty. They also face risk from insolvent trading, continuous disclosure breaches, Fair Work claims, and regulator investigations, including by ASIC. Cover is claims-made, so you must notify the insurer during the policy period. Common exclusions include proven dishonest conduct, criminal fines, and bodily injury or property damage.