Directors and officers liability is an insurance policy that will protect your key officers, managers and directors, and cover the compensation costs of any claims made against them. It can cover a number of different circumstances, including:
This form of insurance only covers claims that are made against individual directors, rather than your business as a whole.
Directors, officers and key managers will naturally have certain responsibilities and duties as part of their role. If they are found to have breached these in any way, it could result in a case being brought against them. In some cases, the resulting costs can mount up in the form of court fees and any compensation that arises if the defence is unsuccessful.
As a minimum, dot2dot’s basic cover includes a limit of £25,000. However, depending on the size of your business, there are a number of reasons for upping this figure. These include:
If you have any specific questions surrounding directors and officers liability insurance for nurseries, please don’t hesitate to get in touch with a member of our expert team today.