Financial and Professional - Directors' and Officers' Liability

Directors and officers face the ever-present risk of being judged in hindsight, in circumstances quite different to those in which their actions and decisions originally took place.

Many directors assume that the company will stand behind them in the event of a claim, but this can be a false assumption. Certain types of claim against a director may not lawfully be indemnified. In addition, the events of recent years have shown that even apparently strong companies can fail. In either of these scenarios, the personal assets of the individual director are totally exposed. Even frivolous or unfounded legal claims need to be defended, and this is an expensive business. Effective insurance is the only thing that stands between the director and personal financial exposure. It can also be an important component in the attraction and retention of high-quality individuals.

We have extensive expertise in handling large and complex risks, including in the financial services, mining, energy, utilities and technology sectors. Even our smallest clients get the benefit of this experience. We pride ourselves on our expertise in risk identification and analysis, manuscripting policy wordings and managing complex claims.

Products include:

• Directors’ and Officers’ liability (D&O)
• Excess Side-A and ‘difference in conditions’ D&O
• Pension Trustee Liability
• Employment Practices Liability
• Transaction Liability
• Prospectus Insurance (capital raisings)

Client Sectors include:

• Financial
• Energy
• Utilities
• Technology
• Mining