If your client is a director, officer or partner of a firm, they are personally liable for their professional actions. If they act without proper authority, or they advertently or inadvertently breach any part of the Companies Act, they may be leaving themselves open to claims from investors, shareholders and stakeholders who blame them for financial or trade losses.
iprism’s D&O Insurance product indemnifies clients who are in positions of responsibility against the decisions and acts they undertake while they’re running their organisation. Our Directors & Officers insurance also protects these individuals from claims involving negligence and breach of trust that have arisen from an honest mistake.
Brokers can also choose to incorporate Employment Practice Liability insurance into their client’s policy to cover claims against the company.
What can our cover offer your clients?
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Core Cover
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| Wrongful Acts, which are typically defined as breaches of duty or trust, neglect, error, misstatement, misleading statements, omissions or negligent activity |
| Wrongful Trading (under section 214 of the Insolvency Act 1986) |
| Inadequate administration of pensions and/or benefit schemes for company employees |
| Advancement of defence costs |
| Damages awarded against the director or officer including exemplary damages for libel and slander |
| Company reimbursement |
| Investigation legal fees and expenses, covering both the company and the individuals |
| Blanket cover for any person deemed to be a director or officer (past, present and future) |
| Additional insurance for managerial and supervisory staff |
If you have any questions about our cover, please call our team on 0207 553 0800 or email info@iprism.co.uk.
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