D&O Instant Quotes

Directors Liability Indemnity Insurance

With the Companies Act recently having been overhauled, and its imminent introduction into full force, we felt it was time to make the purchase and pricing of Directors and Officers Indemnity and Liability Insurance much more available.

Technology has moved on apace and we were able to launch the new facility from conception to live in less than 48 hours.  The result is that we can offer a price comparison across 4 different policy covers.  These range from a starter policy for small business to a comprehensive policy including Corporate Liability (entity) insurance and Employment Practices Liability.

You can access the service using this secure link button:

Each Starter small business policy taken out receives a free copy of The Company Directors Manual and CD -ROM published by Indicator® who for more than 8 years have published independent advice on tax, financial, legal, personnel and health and safety issues.  This is sent to you in the post within 60 days of purchase. 30 minutes of Free legal advice is also provided on a legal helpline.

With the Standard D&O policies, the same free legal advice is provided but you also receive your free first years subscription (worth £97.00) to The Company Director Tips and Advice Newsletter from Indicator®. This is published 22 times a year.

With the Employment Practices Liability policy, you also receive a one year free subscription (worth £121.00) to Personnel Tips and Advice  letter from Indicator®. Again this is published 22 times a year and it keeps you updated on all new legislation, decisions and case law.

Will it happen to me?

You may often have heard the opinion that “as the Company is a limited liability company, that the Directors are protected as the liabilities are limited. Under the Companies act, all Directors, including those who do not hold that title, but are deemed by the law to be ‘Directors’ have unlimited personal liability in a wide range of circumstances. make sure you have valuable protection for defence costs and liability arising from this exposure. The on-line quote system provides cover from £50,000 to £3,000,000 limits of indemnity. Higher limits are available by completing this questionnaire.

Other Development Updates

The Corporate Manslaughter Act

Becomes law in April 2008.  It has been described as ground breaking legislation and as a means for victims of corporate failures to obtain justice.  The Corporate Manslaughter Act will create a new offence of corporate manslaughter. This means that a company if convicted can face an unlimited fine. Almost all companies, small, medium and large, will be subject to scrutiny by Police and the Health and Safety Executive if a death occurs in the workplace. If a prosecution is brought , Juries may consider any relevant information including the attitude of the Company towards safety.

D&O policies provide valuable protection for the defence and investigation costs arising from the exposure to the determination of Authorities to make it easier to secure successful prosecutions for workplace deaths.

How to apply

Simply click on this link for your

Other resources:

Cover Comparison

Policy benefits and documentation

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