Executive risk insurance is a term used to describe insurance covers designed to protect the senior management of the company or organisation. Whether you are a small private business or a large public listed company the insurances should still be considered.
If you are a private company the below covers can be packaged under a management insurance product. It's important to remember when acting as a director of a business, you can be held personally liable for the decisions you make on behalf of the company.
D&O risk insurance offers protection for individuals against civil, criminal and regulatory actions, whilst acting in a managerial capacity.
Corporate legal liability insurance is an extension to D&O insurance and offers protection against allegations made against the legal entity.
If your organisation manages its own pension scheme/s and appoints trustees to manage the pension scheme on behalf of your employees, it is critical you purchase Pension Trustee Liability insurance to protect these individuals against civil, criminal and regulatory proceedings.
Trustee Indemnity insurance is similar to D&O insurance, however it is specifically designed for third sector and charitable organisations. Also known as trustee liability insurance it offers protection to individuals against civil, criminal and regulatory proceedings.
Initial public offering insurance is specific directors and officer’s insurance for companies seeking to raise capital from the public markets. Potential liabilities for misstatements or errors in offering documents, financial statements and roadshow presentations can cause significant disruption and cost for the issuing company and its directors and officers.