A Director’s personal liability is unlimited

A Director’s personal assets are at risk if they breach their duties as a Director and/or if they are in breach of an Act of Parliament
e.g. The Companies Act 2006, The Employment Act 2008, The Corporate Manslaughter and Corporate Homicide Act 2007, The Equality Act 2010, The Public Interest Disclosure Act 1998 (Whistleblowing), The Bribery Act 2010, The Health and Safety (Offences) Act 2008 etc

Directors may face an investigation from regulators
e.g. The Financial Conduct Authority, The Health & Safety Executive, HM Revenue & Customs, The Department for Business Innovation & Skills (Formerly the DTI) etc

Directors & Officers Liability (D&O)
D&O insurance provides protection for the Directors and Officers of limited companies against any personal liability they incur as a result of any covered wrongful act they commit in this capacityD&O policies can also be extended to include:

Corporate Liability
Protection for claims made against the company for financial loss. For example – prosecutions by regulatory agencies, claims from third parties such as competitors or business partners.

Employment Practices Liability
Protection for the company against claims by employees for breaches of employment conditions or regulations. For example – unfair dismissal, racial discrimination, age discrimination, unequal pay.

Employee Dishonesty 
Protection for the company against an act or acts of fraud or dishonesty which results in an actual personal gain for the Employee and which such Employee knows will cause the Company to suffer
Direct Financial Loss.

Please complete the form below for a D&O Insurance quotation

Fields marked with an * are required

Please carefully review the Statement of Fact below and advise if you do not agree with ALL of the statements:

  1. You have you been trading for at least 12 months and made a profit (that is, a net profit after tax) in the last 12 months
  2. You have not made any redundancies in the last 6 months and do not plan to make any redundancies in the next 12 months
  3. There have been no: merger; TUPE arrangements; change of ownership; acquisitions; and/or disposals of any company(ies) in the last 12 months and none are planned in the next 12 months
  4. You are not regulated by the Financial Conduct Authority
  5. You do not have assets in the United States of America (USA) and your turnover or income does not include any turnover or income from the USA
  6. Your latest report and accounts to Companies House were submitted within the required statutory time frame, with an unqualified auditor's report (clean report)
  7. You reported a positive net worth in your last completed financial year and will, in the forthcoming 12 months be able to pay debts as they fall due
  8. In the last 5 years, there have been no claims or investigations made against you, or against any directors, trustees, officers or employees, that this policy might have covered if it had been in force – force – including, but not limited to, Shareholder Disputes, HSE Fee For Intervention etc
  9.  After full enquiry, neither you or any of your directors, trustees, officers or employees are aware of any fact or circumstance that may lead to a claim under the proposed policy
  10.  In respect of Fidelity cover - if cover is required:
    • Other than directors, all duties are segregated so that dual controls exist on signing cheques above £2,500 and issuing instructions for disbursement of assets or funds
  11. In respect of Employment Practices Liability - if cover is required:
    • You use external Human Resources consultants or legal advisers to review all employment terminations
    • You communicate written employment and grievance policies to all new and existing employees
    • There have been no Employment Tribunals in the past 5 years
  12. All Material Facts have been disclosed