Directors and Officers Liability Insurance
The directors and officers of a company have specific duties, responsibilities and powers associated with their positions. If they are found to have acted outside of their job description or terms of reference, or if they have been negligent, they may be charged with civil, criminal or regulatory penalties.
When a party alleges the directors and officers of a company committed wrongful acts such as breach of trust, breach of duty, neglect or error, directors’ and officers’ liability insurance can protect against those claims. The insurance covers the costs of defence, settlements and judgments associated with claims alleging a wrongful act.
Why Your Customers May Need Directors’ and Officers’ Insurance
The costs of fighting a claim against directors and officers can debilitate a company financially. Additionally, claims made against directors and officers may put their personal assets at risk. Further, the claims can distract the directors and officers from performing their day-to-day activities, to the potential detriment of the company.
Buying Directors’ and Officers’ Liability Insurance with Travelers
Travelers offers broad, flexible directors’ and officers’ insurance through our online management liability platform (MLP). The Travelers MLP helps you secure coverage for your customers easily and quickly. It’s a bespoke online system that allows you to indicate, quote, bind and issue policy documentation from anywhere you can access the internet.
To log in or register with our management liability platform, click here.
Interested in a Quote?
If looking for insurance, contact your independent broker and ask for Travelers.