|
D&O guide for non-executive directors
D&O (Directors and officers liability insurance) is a complex and specialist area of insurance which few directors fully understand.
IF YOU’RE A NON-EXECUTIVE DIRECTOR WE HAVE WRITTEN AN EXCLUSIVE GUIDE* FOR JUST £10 TO HELP YOU
The risks of being a non-executive director are increasing, and so are legal actions against directors, whether together as a board or as individual directors. These actions may be brought under statute law, civil law or, in certain industries, under the regulatory regime.
The response to this has been an increased take-up of Directors and Officers (D&O) insurance. However, many companies, including publicly listed companies, do not carry such insurance. Even where companies do insure, there is widespread misunderstanding as to the benefits of such insurance.
This booklet is intended to be a guide for non-executive directors and similar appointees and their advisers; it provides general advice on typical D&O policies and what is relevant to a non-executive.
Did you know, for instance, that:
|
You are still held liable for acts committed whilst serving as a director, even if you have left the board?
|
|
Liability for acts as a director may pass to the estate of a director or to legal representatives in the event or a director’s death? |
This guide tells you how to minimize these risks with the right insurance.
Priced at £10.00 - can you afford to be without it?
Contents:
|
What is a D&O policy?
Why take out D&O insurance?
What is usually covered?
What may be excluded?
Who is covered?
Limit of indemnity
Claims notification
Conduct of claims
Tax position
Special issues for the non-executive |
 |
|
Disclaimer: Readers should take independent legal or insurance advice before applying the information contained in this publication to specific situations.
* The guide is not a product that is regulated by the Financial Services Authority
|
