As a director, officer or employee of a UK company you are automatically exposed to unlimited personal liability.
This insurance is underwritten, administered and arranged by Hiscox Insurance Company Limited for customers introduced by AXA Services Limited.
Directors, officers and employees are required on a daily basis to comply with seemingly ever increasing regulation in areas such as health and safety, employee relations and the environment. Any actual or alleged breach will often lead to action being taken against an individual.
As well as regulatory bodies, the list of potential claimants also includes your shareholders, employees, customers, suppliers and creditors and even your competitors. The costs of even a successful defence can be substantial and whilst payment from your company (if in existence) may be possible can your company's balance sheet afford to be exposed in such a way?
As one of the UK's leading specialist insurers, Hiscox have a long history of creating unique insurance solutions to accurately protect its policyholders. Our success is founded on an in-depth knowledge of the risks Hiscox cover. This gives us expertise to develop tailored protection to meet your requirements. We can cover your personal liability for various limits up to £1m. Various limits up to £1m are also available for business with a turnover of up to £2.5m.
Our Directors and Officers' cover has several outstanding features which you would not find under a standard policy including:
Claims against directors, officers or employees for corporate manslaughter
Costs of legal representation at an investigation where no allegation of wrongful act made against a director e.g. health and safety investigation
Claims brought by the company and fellow directors or employees
Defence costs up to full policy limit for pollution claims
72 month discovery period for retired directors in the event of non-renewal of policy
Policy non rescindable (other than for non-payment)
Additional £100k defence costs in event of limit exhaustion.
Help managing your cash flow with interest-free monthly direct debit instalments
Continuous policies which eliminates the need to undertake a time consuming renewal each year
Get a Directors & Officers Liability quote for the level of cover that you need - nothing more, nothing less.
With Hiscox, confidence comes as standard.
UK Directors & Officers Liability Insurance quotes from Hiscox.
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0845 213 8913
Cases that do not meet Hiscox underwriting criteria may be referred to a Hiscox recommended broker. Hiscox Insurance Company Limited is authorised and regulated by the Financial Services Authority. Please note that Hiscox Insurance Company Limited is not a member of the same group as AXA UK plc. This is not an endorsement of Hiscox by AXA, and AXA is not suggesting that Hiscox products are suitable for your business circumstances. The above product information is provided by Hiscox Insurance Company Limited. Terms and conditions apply.
