Directors & Officers Liability

Directors and Officers Liability Insurance is vital for individuals who take on the role of Director. The limited liability status of a company does not fully protected an individual against claims that he or she has acted wrongly whilst they are acting in their capacity as a Director.

In certain circumstances they can be held personally liable for their actions. Several high profile corporate failures have led to changes in legislation and increased the duties of individuals who manage organisations both large and small.

Naylor Wright have access to insurance policies which provide cover for losses and defence costs you may be liable to pay arising from the wrongful act of a director. This includes any actual or alleged breach of duty, trust, neglect, error or omission.

Common principal exclusions are acts of war and terrorism, claims or losses arising out of pollution, bodily injury and property damage, claims arising from a fraudulent act or personal gain and fines, penalties or punitive damages.