Directors and officers insurance

[S J H]

Does anyone have any recommendations of firms to use for the above please? Ive tried 2 insurers, but both will only cover 1 company with a policy, I’m looking to cover a 3-4 but being told it’s not possible. Thanks in advance.

 

[cb387]

Ours is with Howden Insurance

 

[Clive]

Does anyone have any recommendations of firms to use for the above please? Ive tried 2 insurers, but both will only cover 1 company with a policy, I’m looking to cover a 3-4 but being told it’s not possible. Thanks in advance.

with have this cover, its essential IMO - Acres are our broker

 

[Nigel Wellings]

I am not aware of any Insurer that will cover more than 1 company on a D & O policy. Because companies are all separate legal entities Insurers will always require separate policies.
Let me know if you find one because we would be quite happy to use them!

 

[PSQ]

Hmmm. I'm currently pursuing a company with a single director for fraud, and finding the cards are very much stacked in the defendants favour as the law around LTD company 'insolvency' is a farce.
If the defendant had D&O insurance would he be able to use it to defend his fraudulent trading, or does it not cover the legal defence of illegal conduct?

 

[Nigel Wellings]

Hmmm. I'm currently pursuing a company with a single director for fraud, and finding the cards are very much stacked in the defendants favour as the law around LTD company 'insolvency' is a farce.
If the defendant had D&O insurance would he be able to use it to defend his fraudulent trading, or does it not cover the legal defence of illegal conduct?

All D & O Policies (and indeed all insurance policies) have a deliberate or dishonest acts exclusion written into their policy wording. I would not expect a D & O policy therefore to defend illegal/fraudulent conduct.

 

[S J H]

Thank you for the recommendations everyone.