Directors and Officer Liability Insurance Specialists
The day-to-day duties of company directors and officers in Melbourne can carry significant risks of personal liability. A Directors and Officers Liability Insurance policy will provide you with the peace of mind afforded by comprehensive protection against these risks in the Australian market.
Our policies can be tailored to your specific needs. We work with you to carefully identify your role and responsibilities, and the functions and operations of your business, so that we can provide you with affordable, effective and complete insurance coverage.
What is Directors and Officer Liability Insurance?
Directors and officer liability insurance protects these key responsible persons when they supervise and operate the business. Uncertainties are always present when directing and managing a business, and with the addition of having to keep up-to-date with laws and regulations, it is crucial that these key stakeholders are protected.
Do I Need Directors and Officer Liability Insurance?
Should a director or officer make the wrong decision that impacts shareholders, employees, third parties, the business entity itself or other stakeholders, directors and officer liability insurance can help to minimise exposure to liability. Whether or not you are found to be liable or guilty for any misconduct, legal expenses are high and the process is stressful.
Additionally, insurance helps to prevent reputational damage. As it is preferred to negotiate settlements, an insurance policy will help to facilitate fruitful discussions that assist both parties to achieve a mutually beneficial outcome.
Why is Directors and Officer Liability Insurance important?
Directors and officers have many roles and duties that they need to satisfy. We all make mistakes. Whilst we all hope that nothing bad happens, it is wise to have insurance to provide peace of mind when poor decisions are made. To avoid the likelihood of bankruptcy, business failure and disrepute by the public, insurance is a crucial safeguard to have.
How Much Does Directors and Officer Liability Insurance Cost?
We work with you to develop the most appropriate, adequate and effective policy. Depending on the wording of the policy, the exclusions, the sum insured, the excess and many other factors, the cost will vary accordingly. It is important that you do not opt for the cheapest cover as that might not provide you with the cover that best suits your needs.
What Does Directors and Officer Liability Insurance Cover?
The coverage of a directors and officer liability insurance policy depends on what you want. It is important that you disclose all aspects of your role and business so that we can understand what inclusions and exclusions you need. Otherwise, you might end up being under-insured which could prevent you from accessing a substantial amount of the funds available.
How much Directors and Officer Liability Insurance do I need?
We work hard with our clients to deliver exceptional products and results. We negotiate on your terms to ensure that you are comfortable with your insurance policy so that there are no surprises when a claim is made. Depending on your roles, responsibilities, functions and operations, we will carefully assess your circumstances so that you receive the right cover at a reasonable price.
Directors and Officer Liability Insurance Quotes
We ease the stress so that you can spend more time resuming business as quickly as possible. We can provide you with a quotation over the phone, after we ask you some questions to get to know you and your business better.
At Carollo Horton, we strive for excellence and provide the best-value insurance packages. Let our dedicated team talk to you about our directors and officer liability insurance products and services.
Contact us to discuss your business and insurance needs. We service Melbourne, Sydney, Brisbane, Adelaide, Perth and all regional areas of Australia. Call 1300 227 655 or submit an online query now to receive a response as soon as possible.