What is directors and officers insurance?
Directors and Officers Insurance (D&O Insurance), in short, protects the personal liability of the head of a company against alleged misconduct when acting in their capacity as a key decision maker while running a company.
Looking at starting a small business in Singapore or already own one? Find out more about Director and Officers Insurance and its related costs by connecting with our team. This type of policy usually offers cover and protection for executive directors and officers or, more generally, corporate officers – anyone that is put in charge of making decisions. This cover can protect them from any claims or investigations made against them as well as decisions that are carried out while acting as director and officer. All past, present and future directors are covered by this policy as well.
Operating a business out of Singapore will increasingly mean that your company may operate with partners internationally. A company conducting business outside of Singapore is one that is subject to a different set of rules and laws. When your company goes global, D&O Insurance can help you by making sure that any business decisions made abroad are protected as well. Give us a call and one of our business insurance experts will guide you.
What are the most common D&O risks?
Here are a few of the more common D&O claims:
- Negligence of duties such as failure to file reports, or embezzlement of funds
- Improper management of company finances
- Failure to comply with workplace laws such as Wrongful Dismissal or discrimination
- Theft of intellectual property
- Employment or HR issues that apply to the person only
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Next Steps
Interested in mapping out your Directors & Officers Insurance with us? Indicate interest in our online form today and allow our team to get back to you within a day. With our network of leading insurance providers, you’ll be able to get some of the best policies and services out there.
DOES DIRECTORS & OFFICERS SOUND LIKE SOMETHING YOU NEED?
Do you have the right Directors and Officers cover for your business? Get in touch with our team today and we’ll help you and your business stay protected.