Directors and Officers Laibility cover provides financial protection against a third party taking a civil case against you as a Director and/or Officer of a company due to the negligence/dishonesty of a fellow Director/Officer. Just because you may be a Limited Company or a PLC does not mean that someone can not take out a Civil case against you personally. This can have devastating financial effects on you; even if you win a case you may still have to pick up your own expenses.

How Can Claims Arise?

If a Director is perceived to have failed in any of his duties then a claim could come from any one of a number of third parties including:

• Shareholders
• Creditors
• Government and Regulatory bodies
• Employees
• Auditors
• Liquidators
• Customers
• Suppliers