Directors and officers of businesses have various duties, responsibilities and powers in connection with their position. In most cases these are set out in a job description or terms of reference. As a result they can be held responsible for a range of issues including:

• health and safety
• data protection
• maintaining satisfactory accounts
• fraud
• negligence

If your business' directors or officers are found to have inadvertently acted outside their terms of reference and this gives rise to a claim, then compensation and legal fees will be covered by directors' and officers' liability insurance. If the act was deliberate, then it may not be covered by the policy.


Scope of Cover:    in respect of

• any legal or administrative or regulatory proceeding received by any Insured Person alleging that they have committed a Wrongful Act; or

• any written or verbal communication received by an Insured Person alleging a Wrongful Act