Directors and Officers Liability Insurance
Choose the right directors and officers liability insurance cover
Zurich Directors and Officers (D&O) Liability Insurance protects the directors and officers in your business against claims arising from their actions and decisions in their official capacities.
Our policy wording is one of the most comprehensive available, and can protect any size of company from SME clients to large multinationals.
Why do you need it?
Specific duties and responsibilities are imposed on directors as to the conduct in which they run a business. The responsibilities are imposed under contract conditions, common law and statutory legislation and, in most circumstances, the individual director or officer will be held personally liable.
Who is covered?
D&O liability insurance covers the decisions made by people involved in managing and running an organisation. It is important to note that it covers the individuals, not the company. The people generally covered include past, present & future natural persons, being: a director, secretary and executive officer, a senior manager and committee member, and an employee acting in a management or supervisory role.
Coverage and/or reimbursement of costs are only available where the company has indemnified the individual/s.
Benefits in brief
SME clients will appreciate the following benefits:
- capacity up to A$40 million
- right to a single extension of cover for 12, 24, 72 and 84 months
- 84 months extended cover for retired directors and officers
- fines and penalty cover
- crisis containment sub-limit
- enhanced continuous cover
benefit from standard cover extensions for no additional premiums.
Multinational and large companies will appreciate the following benefits:
- capacity up to A$40 million
- entity coverage for securities offerings
- primary attachment point
- worldwide cover
- investigation costs.
How Zurich can help
In increasingly litigious times, our focused product helps to provide you with greater certainty. Our D&O insurance cover responds to the potential exposures of directors and officers of any size of company.
For multinational companies, a unique advantage is the Zurich Multinational Insurance Application (Zurich MIA), which supports your company in aligning your global insurance program with local licensing and premium tax requirements in the countries you operate in. Our Global Service Team manages all the activities associated with Australian-designed international programs, managing international policy issuance with the expertise of the global Zurich network and ensuring compliance with local requirements.
How to apply for D&O insurance cover
All applications for Zurich Directors and Officers Liability Insurance are made exclusively through insurance brokers.
If you'd like further details on our Zurich Directors and Officers Liability Insurance, or if you'd like to apply, we recommend that you contact your insurance broker.
Find an insurance broker
Find an insurance broker in Australia to discuss your business insurance needs.
Local Underwriter:
Andrew Strain
Zurich Financial Services Australia Limited
Level 1, 100 Pacific Highway
North Sydney NSW 2060
Australia
+61 2 9995 2242 (direct)
+61 413 804 698 (mobile)
+61 2 9995 3336 (fax)
andrew.strain@zurich.com.au
www.zurich.com.au
Please visit our local website
For information on how to file a claim, click here: AsiaPac Claims
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Helpful links:
General Site insurancenews.com.au
D&O faces class action pressure article
