Whatever industry your company operates in, an increased focus on corporate governance, more stringent disclosure requirements, greater shareholder activism and more aggressive regulators means directors and officers have potential exposure to personal financial liability for claims by shareholders, employees, creditors, customers, suppliers and regulatory bodies.

Directors’ & Officers’ Liability Insurance can provide much needed protection for directors and officers against their liability as a result of unintentional or accidental wrongful acts they commit and for the costs they incur in attending investigations and defending litigation.

Liberty’s Directors’ & Officers’ V8 Policy is the cover that directors and officers need in this increasingly hostile environment and is as broad as (and in some areas broader than) the cover provided by other leading wordings in the market.

Choosing Liberty for your insurance needs offers the following Key Benefits:

Personal protection for everyone - The policy covers the company’s employees as well as its directors and officers for personal liability and defence costs they incur in respect of claims alleging they have committed a wrongful act in the performance of their duties on behalf of the company.

Advance payment of defence costs - The policy pays for defence costs as and when they are incurred.

Inquiries and investigations - The policy provides cover for costs incurred by an insured person in preparing for and attending official inquiries and investigations, including Royal Commissions, which does not require an allegation of a wrongful act against the insured person.

Optional run off cover - Optional 84 months run-off cover for certain former directors and officers in the event that the policy is not renewed or an extended policy period is not purchased following a change in control of the company.