Directors and officers insurance
Directors and Officers (D&O) Insurance provides insurance cover for company directors and protects them against claims made against them and which arise from actions taken by them on behalf of the company whilst under their direction.
Directors are usually automatically indemnified by the company itself for any failings that may occur in the execution of duties whilst a D&O policy, paid for the by the company, will protect against a wide range of third party claims.
Claims against directors can arise from a variety of sources, for example shareholders or employees. In the case of large public companies D&O cover is vital as it would be unrealistic to expect a director to be intimately acquainted with every facet of the business. Potential liability can arise from a variety of directions, so insurance cover of this nature is essential not only to protect directors but also to assist in the recruitment of new directors from time to time.
Directors cannot insure themselves against being found guilty of criminal actions whilst executing their duties as a director. So D&O insurance would not extend to providing cover in the event that a director was found to have permitted the company to trade whilst insolvent.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Civil engineers and environmental methods of construction
Can the profession use its skills to save the world from climate change?
How faulty science resulted in sanitation reform.
Conserving the Hilda Besse Building
Improving facilities, accessibility and overall appearance.
BSRIA IAQ topic guide published
Free download of TG 12/2021 available.
Electrotechincal mentors wanted
TESP works with The Youth Group to form skill sharing network.
OpenBuilt supply chain technology in development
Big tech collaborates on platform for the built environment.
Concerns raised over Future Buildings Standard
Letter signed by 21 organisations sent to MHCLG.
The infrastructure planning process
A look at the Government's strategic approach.
Steps to help reduce the spread of infection inside buildings.
Urban exploration and construction
This social media-centred hobby can be both dangerous and illegal.
Millwork wall treatment with a long and illustrious history.
Weekly workplace noise estimator tool
HSE introduces cumulative exposure calculator.
The Edwardians and their houses.
Cut off from civilian life for over 900 years.
Receive the Designing Buildings newsletter
Click the button to subscribe.