Directors and Officers Insurance
The requirement for Directors & Officers liability Insurance cover is increasing by the day and all Directors and Management are at risk. LHK Group Insurance brokers are available to ensure you have the right Directors & Officers liability Insurance cover in place.
Leading a business means making important decisions, which can sometimes mean making the wrong decision.
D&O insurance (Directors & Officers liability Insurance) provides financial protection for the potential defence and damage costs for the leaders of an organisation if a claim is made against them due to decisions or actions they have made during their regular duties. There is a common misconception that it is only for companies but it is also required for committees, charities, sports clubs and the like.
Cover can be extended to include Entity Liability Insurance, Crime Insurance, Pension Trustees Liability and Employment Practices Liability – designed to protect employers against claims from employees for sexual harassment, discrimination, wrongful termination and other employment related litigation.
Covid-19 is currently placing businesses and their executives under considerably higher D&O litigation risk. Management capabilities are being tested and challenging business decisions are required in areas such as personnel, supply chain management, financial stability, refinancing, and the sustainability of internal systems and technologies. Contact us now to ensure you have the correct cover in place.