Directors and Officers Liability

False

Uncertainty in the economic landscape has an unsettling effect on many Australian companies and as a result, corporate executives and board of directors are arguably under greater scrutiny from their stakeholders than ever before. Directors may be found personally liable for decisions made in good faith.

Vero’s Directors and Officers (D&O) Liability Insurance is designed with an in-depth knowledge of the risks directors and officers face. It protects you personally as a director or officer from the financial and reputational costs of regulatory or legal action. Whether or not you are ultimately found liable, the cost of defending such proceedings can be considerable.

Policy features:

  • Non-indemnifiable directors’ and officers’ liabilities;
  • Company reimbursement cover
  • Representation expenses at inquiries (no allegation of wrongful act required)
  • Company securities cover
  • Inquiry/defence costs  for OH&S investigations/proceedings
  • Pecuniary penalties (as permitted by law)
  • Optional employment practices liability

As part of the Suncorp Group, Vero offers you the security of one of Australia’s largest and most successful insurers. You’ll enjoy the confidence and stability that comes from a specialised, home grown provider. As a Vero D&O policyholder, you’ll also have the benefit of local claims handling, excellent service, and pre-approved use of several prominent Australian legal firms.

For more information about Vero’s D&O Liability Insurance, download our brochure or contact a broker today.

 

Policy Wording

 Vero Directors And Officers Liability Policy Wording

Proposal Forms

Vero Directors And Officers Liability Proposal Form

Brochure

Vero Directors And Officers Liability Brochure

Vero Directors And Officers Product Profile

Vero Directors And Officers Comparison Document

 

 

* An Australian Institute of Company Directors’ (AICD) survey found that more than 73% of respondents believed that there is a “medium to high” risk of their being found personally liable for decisions made in good faith.