Exchequer Risk Management
No.3 Siskin Drive, Coventry, CV3 4FJ
Opening Hours: 8:30am - 05:30pm

Directors and Officers

Safeguarding you on claims made against your business directors and key managers or officers.


Protect your interests

We can insure you against potential risks such as mismanagement and liability claims made against your businesses key managers and directors.


Bespoke cover

We understand that every business is unique, that’s why we make sure to provide personalised insurance cover to suit your best interests.



With our extensive experience, our specialists can provide you with the recommendations you need, offering unrivalled cover at the best prices.

Directors and officers liability covers claims made by:

Directors and officers liability covers claims made by:

  • Regulators
  • Investors
  • Shareholders
  • Creditors

Employment practices liability insurance can be bought as an extension of directors and officers liability insurance. It covers employee discrimination claims, e.g. for unfair dismissal, harassment, or failure to promote a person.
Directors and officers insurance sometimes covers defence costs arising from criminal and regulatory investigations into your company where no actual wrongful act has been alleged against a director. Contact your insurer to find out what your policy covers.

Directors and Officers

Directors and officers liability insurance (also known as D&O insurance) covers you for claims made against your business directors and key managers/officers for alleged wrongful acts.
Wrongful acts include:

  • Breach of Trust
  • Breach of Duty
  • Negligence
  • Errors
  • Misleading Statements
  • Wrongful Trading

What Directors and Officers insurance does not cover

Directors and Officers insurance liability does not cover claims made against your organisation as a whole, only those made against individuals for alleged wrongful acts carried out in their capacity as directors or officers.

Do I need Directors and Officers insurance?

If your company has directors or key managers, directors’ and officers’ liability insurance can cover the cost of compensation claims made against them by shareholders, investors, employees, regulators or third parties.
Without D&O insurance, you face a greater risk of not being able to defend your business against:

  •  Disqualification from holding the position of director
  • Civil proceedings which can lead to hefty legal costs and awards for damages
  • Criminal prosecution which can lead to fines and possible imprisonment

If a director or officer is found to have acted outside of their terms of reference, civil, criminal or regulatory proceedings can be brought against them.
That’s why we make sure that our policies can cover the legal costs, as well as any compensation costs that arise from an unsuccessful defence.

For more information, talk to our team of Experts

icon The Benefits of Directors and Officers insurance

It's essential for companies looking for external funding:
It’s common for investors interested in a company to make D&O insurance a must-have requirement. This protects directors and officers from allegations of mismanagement and provides protection against legal action, fines, penalties, or disqualifications from being a director.

It provides protection from three angles:
D&O cover provides three-sided protection. One side covers directors personally for fines, penalties and legal expenses. The second reimburses the company for paying on behalf of the directors. The last covers the company should it itself be named in the lawsuit.

Professional indemnity cover isn’t enough on its own:
It's a common misconception that personal liability claims are covered under professional indemnity, but this is unlikely. A separate D&O policy is the only way to guarantee personal protection for those with management responsibility in your business.

How much Directors and Officers insurance do I need?

The amount of insurance you’ll need depends on the nature of your business and your role, as both have an impact on the kinds of risks you’re likely to face.

Company size also matters. Holding responsibility for a multi-million-pound organisation could mean potential negligence claims come with higher values attached to them, for instance. Therefore, setting a higher limit of indemnity may be smart if this sounds like you.

We understand that your policy is personal to you, so we’ll work with you to tailor your directors’ and officers’ liability cover to suit your sector and firm.

What We Offer

Other Commercial Insurance Services

We can help insure you against the potential risks from a cyber attack or data incident.
Our Insurance Backed Guarantees can protect your business and your clients/customers should your company suddenly cease trading.
Trade credit insurance covers businesses should customers who owe money for your products or services.
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