This policy is suitable for directors’ current board positions of UK registered Private Limited Companies and Not for Profit Organisations only (whose assets and turnover are typically less than GBP 100m) and is designed to provide protection for their individual exposure. The Policy will sit above any underlying Directors or Officers or Management Liability policy and is triggered when the underlying policy cover is exhausted or there is no cover in place.
This policy is not intended for directors of professional sports clubs or any company whose activities are regulated by the Financial Conduct Authority.
There are many reasons why you should purchase individual directors liability insurance, to help you decide if it’s the right product for you, we have outlined the main points in the policy cover to give you more information.
Is it important to understand what a policy will cover you against before you purchase any insurance policy. The main points that individual directors liability insurance covers are outlined below. Both the policy wording and summary are available before purchase so you can decide if the policy is right for you.
There are a few exclusions on this individual directors & officers liability insurance policy that you need to be aware of before purchase, these are outlined below. If you have any questions or are not sure please contact a broker directly on 01323 648000.