The company's decisions may also hold you personally liable.
Running a business involves making decisions every day.
A strategic decision, an alleged legal violation, a labor issue, or simply the approval of financial statements can give rise to a claim against a director or officer.
With Hiscox’s D&O Insurance, protect directors, officers, and their personal assets against claims related to the performance of their duties.
Liability may be personal
When something goes wrong at a company, the blame isn’t always directed solely at the company itself.
Managers and directors may be held accountable for decisions made in the course of their duties.
And defending oneself can mean facing expenses related to attorneys, lawsuits, damages, and even costs to restore one’s professional reputation.
D&O insurance is designed to protect those who bear decision-making responsibility .
Key Protections
Defense Costs
Coverage of the costs, legal fees, and expenses necessary to defend the officer or director against a claim.
Compensation
Financial protection against certain indemnities resulting from claims covered by the policy.
Security Deposits
Coverage for bonds that may be required as a result of civil liability arising from the acts of a manager or director.
Reputation Costs
A complaint can affect not only your assets but also your professional reputation. Insurance can cover the costs of communications specialists to help manage and restore your reputation.
Complaints related to labor practices
Protection against certain claims related to employment and hiring practices.
Corporate Protection
In certain claims, coverage may extend to the entity itself, in addition to the protection provided to its officers and directors.
Imagine that tomorrow…
A management decision is being challenged
A shareholder, investor, customer, or other third party believes that a decision by management has caused him or her harm and holds the managers liable.
A labor complaint arises
A decision related to hiring, people management, or another employment practice gives rise to a complaint.
He is accused of failing to fulfill an obligation
A decision made while serving as an administrator is being challenged on the grounds of alleged noncompliance with the law or with the duties associated with that position.
The company runs into financial difficulties
Creditors or other third parties review decisions previously made by management and seek to hold those who made them accountable.
When the decision is yours, so can the responsibility be.
It's not just insurance for large companies
Management risk does not depend solely on the size of the company.
Administrators, managers, and directors of SMEs also make decisions with financial, labor, and legal implications—and they, too, may be the target of claims.
Hiscox identifies as potential insured parties, among others, members of management and the board of directors, certain consultants with administrative functions, interim directors, in-house counsel, finance and compliance officers, as well as the company itself and its subsidiaries.
Is your personal net worth ready for a career decision?
The purpose of D&O insurance is to enable those who manage a company to make decisions knowing that they are protected against certain claims related to their duties.
Because the responsibility of managing a company doesn’t end with the company’s financial statements.
Want to know all the details?
Learn more about the coverage, limits, exclusions, and conditions of Hiscox’s Directors and Officers Liability Insurance.
View General and Special Terms and Conditions
Request a quote
Just tell us:
- Company Name
- Activity
- Annual Revenue
- Target Capital
- Phone
Protect your decisions. Protect your assets.
Hiscox | D&O Insurance — Directors and Officers
Request a quote from R2 Seguros.
Summary Information. Coverage is subject to the terms, limits, and exclusions of the policy. This does not replace the need to review the applicable pre-contractual and contractual information.
