Directors & Officers




Directors and Officers Liability

Company directors have an obligation to make decisions in the best interest of the business and are under immense pressure to meet the expectations of all stakeholders.

However, despite having good intentions, mistakes can happen and as the company director you are at risk of being held personally liable for allegations of a breach of duty or wrongful acts.

Directors and Officers Liability Insurance protects Directors and Officers against legal liabilities they may sustain personally whilst managing a corporation.

In your position, you may be exposed to claims brought against you by:

1.Shareholders

2.Employees (including claims for wrongful dismissal, harassment or failure to employ or promote)

3.Statutory bodies (including alleged breaches of a Director’s responsibilities or investigations commenced by WorkCover following a work incident)

4.Competitors (including allegations of conduct involving anti-competitive behaviour)

5.The Corporation itself (including actions by a liquidator on behalf of the company alleging insolvent trading)

At Earnest Insurance, we understand the risks that business directors and officers are exposed to when managing a company. That's why our expert insurance brokers will take the time to assess your corporate risk management requirements and exposures and work hard to deliver a smart, tailored insurance solution to cover you, not just your company.