Directors & Officers Liability Insurance protects your executives, board members, and senior managers against personal financial loss arising from claims of wrongful acts, mismanagement, or breach of duty in their corporate roles.
Directors & Officers (D&O) Liability Insurance provides indemnity for directors, officers, and senior managers against personal financial liability arising from wrongful acts committed in their corporate capacities. When executives make decisions on behalf of the company, they can face personal lawsuits from shareholders, regulators, employees, or creditors — even when acting in good faith. D&O insurance ensures those decisions don't cost them personally.
Three primary coverage areas protecting executives, the company, and third parties from the financial consequences of corporate decision-making.
Directly protects individual directors and officers when the company cannot or will not indemnify them — including during insolvency, bankruptcy, or when prohibited by law.
Reimburses the company for costs it incurs when indemnifying its directors and officers under applicable law, the company's constitution, or employment agreements.
Covers the company itself against securities claims — protecting both the entity and its executives when shareholder derivative suits or securities fraud allegations arise.
D&O cover extends to a broad range of corporate leaders and fiduciaries across all levels of governance.
Board-level directors with operational authority — including Managing Director, Executive Chairman, and C-suite officers
Independent and non-executive board members providing oversight, governance, and stakeholder representation
Chief Financial Officers, Chief Operating Officers, Company Secretaries, and other named senior managers
Audit, risk, remuneration, and nomination committee members, plus subsidiary board directors and trustees
Understanding the policy scope ensures executives know exactly when they are protected and when separate coverage may be required.
D&O Liability is written on a claims-made basis — meaning the policy in force at the time the claim is first made and reported responds, regardless of when the underlying wrongful act occurred (subject to the retroactive date). It is critical to maintain continuous cover and report all potential claims promptly, as late notification can prejudice coverage.
Every corporate decision carries personal risk. Prestige Assurance has the D&O underwriting expertise to ensure your directors and officers lead with confidence — fully protected.