Directors and officers liability
Personal cover for the people who run the company, and the three sections of a D&O policy.
Corp Cover
8 Oct 2026 · 4 min read
An adviser can read your own policy and explain the gaps. Insurers pay the adviser; your business pays no fee.
Directors can be sued personally for decisions made on the company's behalf: by shareholders, creditors, regulators or employees. Directors and officers (D&O) insurance pays their defence costs and settlements.
The three sections
- Side A pays the director directly when the company cannot indemnify them, for example in insolvency.
- Side B reimburses the company when it indemnifies the director.
- Side C covers the company itself, usually for securities claims in listed companies.
When the policy matters most
- Fundraising, when investors rely on what directors told them.
- Insolvency, when creditors and liquidators look for someone to pursue.
- Regulatory investigations, where defence costs arrive before any finding.
What to check
Confirm that past directors are covered, that investigation costs are included, and that the limit is not shared with other policies. D&O is written on a claims-made basis, so continuity matters as it does for professional indemnity.
General information, not advice on a specific policy. Terms differ by insurer.
Talk to an adviser
Insurers pay the advisers commission. Your business pays no fee, and a review is not a quote.
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