Our Directors’ and Officers’ Liability Insurance cover is crucial for protecting directors and officers of companies from legal claims and lawsuits alleging wrongful acts, errors or omissions in their management roles.

This insurance cover is designed to cover personal liabilities that directors and officers may face as a result of their decisions and actions taken on behalf of the company.

Scope of Coverage

Directors’ and Officers’ Liability Insurance covers

Wrongful Acts

Protection against claims alleging negligence, errors, omissions, misstatements, misleading statements, misrepresentations, breach of duty or breach of trust by directors and officers.

Legal Costs

Coverage for defense costs incurred in defending against covered claims or lawsuits, including legal fees, court costs and settlements.

Judgements and Settlements

Financial compensation or settlements that the insured may be legally obligated to pay as a result of a covered claim.

Aggregate Limit

The limit of liability is typically provided on an aggregate basis, meaning it applies to the total amount of claims during the policy period rather than per occurrence.

Cover Benefits

Cannon General Insurance’s Directors’ and Officers’ Liability Insurance provides comprehensive coverage, including

Financial Protection

Safeguards personal assets of directors and officers against legal liabilities arising from their managerial decisions and actions
Risk Management

Offers risk management support to help directors and officers navigate complex legal risks associated with corporate governance

Financial Security

Provides a financial guarantee to the beneficiary against non-performance or under-performance by the insured
Risk Mitigation

Mitigates risks associated with contractual obligations, ensuring parties involved are protected against financial losses

Tailored Solutions

Customized insurance solutions tailored to the specific needs and risks of directors and officers across various industries

Additional Considerations

Corporate Governance Support

Enhance corporate governance practices with insurance coverage that protects directors and officers from the consequences of their decisions.

Regulatory Compliance

Ensure compliance with legal requirements and regulatory standards related to corporate governance and director liabilities.

Directors’ and Officers’ Liability

Scope of Coverage

Wrongful Acts

Legal Costs

Judgements and Settlements

Aggregate Limit

Cover Benefits

Financial Protection

Risk Management

Financial Security

Risk Mitigation

Tailored Solutions

Additional Considerations

Corporate Governance Support

Regulatory Compliance

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