Today’s Directors and Officers (D&Os) are operating in a complex environment, where they can be held personally liable for the mismanagement of the company due to wrongful acts. According to Aon’s Global Risk Management Survey, D & O Liability was ranked in the Global Top 50 risks for 2019.

When taking up the position of D&O, one should make sure that you have adequate cover in place.

This policy protects Directors and Officers from claims which may arise from decisions and actions taken within the scope of their official duties. While you would normally expect to be indemnified by your Company, your Company is in some cases prohibited from doing so either by law, financial inability or corporate policy.

Aon’s Broking Solutions include:

• A broad definition of the insured person
• A broad definition of wrongful act
• Civil fines and penalty cover if permissible under applicable law
• Circumstance or claim mitigation: mitigation costs, prosecution costs and professional fees
• Additional protection for Non-Executive Directors
• Reputation expenses

Our comprehensive insurance broking solutions are underwritten by reputable insurers and approved by Aon Global Market Security to ensure that you are dealing with a company who has the financial stability and claims philosophy to respond to your needs at the time of a loss.