Because we’re only human, and humans sometimes make mistakes, it’s worth considering taking out directors’ and officers’ liability insurance – or D&O insurance – if your company has directors, trustees or senior managers.
If you make a poor decision or offer incorrect advice, and that mistake has an impact on employees, shareholders and other interested parties, they can hold you personally liable. This cover offers financial assistance with legal costs and access to a solicitor-backed legal helpline.
Without D&O insurance, a claim can prove very costly and affect your personal assets.