Directors and Officers (D&O) insurance protects the people at the top of your business against any claims that arise from executive decision-making.
Being a director and officer at a company, regardless of the scale, can mean making tough decisions at times. This essential cover safeguards your leadership from any legal or financial consequences if a claim arises as a result of one of these decisions.
Your leadership team should be able to perform their jobs without the fear of personally paying for legal defence costs or investigation fees. Ensuring you have adequate D&O insurance is critical to protect the livelihood of the people who drive your company forward.
At Barrack Broking, we work with businesses across Australia to look at how risks to management sit within the organisation, and whether the current cover adequately reflects those risks.
Directors and officers liability insurance deals with the risks to individual executives that come from running a business. It’s a specialised policy designed to protect the personal assets of your business’s leadership team from regulatory action as a direct result of a management decision.
A typical D&O policy includes:
Side A Cover
Offers personal protection for individual directors and officers if the company itself is unable to indemnify them.
Side B Cover
Protects the corporate balance sheet by reimbursing the company after it has indemnified its directors or officers for a claim.
Side C Cover
Common for listed organisations, this extends the coverage to the company itself
Directors and Officers Insurance is a comprehensive bundle policy that covers the operational and legal risks impacting your senior leadership team.
While policy wording varies across insurers, most coverage is built around a few key sections which typically include:
While comprehensive, D&O insurance has its coverage limitations, like with any form of insurance. What’s typically excluded from a standard policy:
This isn’t just relevant for large organisations. Any business with directors, a management structure or employees is exposed to some level of governance and employment-related risk.
Small-to-medium (SMEs) businesses also need effective risk management for their company directors, as they are often more vulnerable to personal exposure as management decisions are more likely to be concentrated to one or two people.
Barrack Broking secures robust D&O protection for a diverse range of Australian businesses so your management board can grow your business with confidence, without fear of professional liability.
To learn more about the wide-range of industries we support through our tailored insurance solutions, explore our Who We Help page.
At Barrack Broking, we advise looking beyond a standalone D&O policy to ensure each layer of your enterprise is protected.
Complete your corporate risk programme by exploring our related business cover in order to build a cohesive insurance strategy.
This additional package bundles D&O cover with broader employment practices such as statutory liability and corporate crime insurance.
This insurance protects your business from backlash from negligence claims, incorrect professional advice or breaches of contract.
This protects businesses when legal claims are made by a third party for injuries or property/product damage.
Give your leadership the peace of mind and get in touch.
Start a Quote or Contact a Broker to start a conversation today.
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We’ve always have such a great experience with Barrack Broking. Our Account Manager, Dale is incredibly friendly, easy to deal with, and genuinely attentive to everything we need. Nothing ever
thanks again Dale and Barrack for making the insurance renewal process so smooth and timely yet again
Had a great experience with Barrack Broking – Insurance Brokers Brisbane. The whole process was smooth, professional, and easy to understand. A big shoutout to Amiel – absolute superstar. He
Competitive premiums offered. Great service going over and above. I have peace of mind knowing the insurance policies are looked after by a wonderful highly experienced team. Can not be
Excellent Communication, and provide great options and competitive Premiums. Just a pleasure to deal with. Highly recommend this team to any business owner.
Extremely attentive, took real time to understand the business and saved us a considerable amount on our premium – highly recommended
As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.
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