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Authorised and Regulated by the Financial Conduct Authority. Ref 786631. ABA Insurance Commercial Ltd & ABA Commercial Insurance Ltd Company Registration No.10778761 Company Registration No. 09148855

63 Pelham Road South, Gravesend, Kent, DA11 8QS  |  Gill House, 140 Holyhead Road, Handsworth, Birmingham, B21 0AF

ABA Blog

Directors and Officers Management Liability Insurance

October 31, 2018

Directors and Officers Management Liability Insurance

 

Being a Director, partner or officer in a business is stressful enough as it is without having to worry about the cost of compensation and claims made against you. As a Director, partner or officer you can often be responsible for employees, customers, investors and regulators. It’s vital that you stay protected should an of these individuals wish to make a claim against you for a breach of terms or rights or any other wrongful doing.

 

 

What is Directors and Officers Liability Insurance?

Directors and Officers liability insurance is designed to protect directors or officers against any personal claims or proceedings made against them in the workplace.

What does it protect against?

 

Directors and Officers liability insurance will cover you against other Directors, partners, officers, employees (current and former), investors, customers and regulators.

Each policy can be tailored to fit the customer’s needs but typically a policy will cover you against the following:

  • Wrongful trading suspected by liquidators under section 214 of the Insolvency Act 1986.

  • Breach of Trust

  • Breach of Duty

  • Error

  • Negligence

  • Fraud

 

Do you need it?

Directors and Officers liability insurance won’t just cover the cost of any claims made against you but will also help with the legal costs involved. It’s imperative that you are able to defend yourself should any claims be made against you as legal costs can add up to be very expensive especially over a lengthy period.

 

ABA Commercial Insurance is a Commercial Insurance Broker based in Kent and Birmingham. Our years of working with high ranking officials in businesses has helped us understand the needs of our customers.

 

To receive a quote on Directors and Officers liability insurance simply call one of our branches: Kent – 01474 833 322 Birmingham – 0121 507 8706 or email info@abacommercial.com.

 

 

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