Directors and Officers Insurance Cover

A new and exciting product that Shackleton Risk Management is in the process of finalizing is basic, Directors & Officers insurance, which protects Directors and Officers from liability arising from actions connected to their corporate positions. This cover was once regarded as only necessary for large public corporations, but now no Directors of public liability company’s should be without it. Directors’ and officers’ liability insurance is one of the fastest growing areas of insurance in the world, and company directors are facing increasingly onerous responsibilities as shareholders demand higher standards of corporate governance.

Directors of all companies can be held personally responsible for actions and decisions they make on behalf of the company, thereby putting their personal assets at risk. Directors & Officers insurance protects Directors and Officers by advancing legal defence costs, and indemnifying them for amounts they may be held personally responsible for.

Should you be interested in Directors & Officers insurance cover, please do not hesitate to contact your local broker, and we would be happy to set up a meeting in order to give you more information on this product.