Directors and Officers Liability for IOD Members

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In today’s legal environment, exposure as a director or an officer has never been greater. Any decisions made by a company officer could lead to a lawsuit. The company’s liabilities may be limited, but the officers liabilities in law are not.

In association with the Institute of Directors , we have created a tailored insurance solution for individual directors in Ireland, available only to IOD Ireland members.

This exclusive insurance scheme covers executive and non-executive Directors, and senior management against legal actions and their costs, and helps protect personal assets. Automatic cover is available up to €1,000,000 limit of liability with no policy excess.

Choose the option that best suits your needs based on the number of Directorships you hold and contact us to arrange cover.

IOD DIRECTORS & OFFICERS LIABILITY  
Number Of DirectorshipsCommercial EntitiesFinancial Institutions
1€470€565
2€596€719
3€759€920
4€972€1,180
5€1,247€1,519
6 - 19€1,607€1,960
20 +ReferRefer

Note: Premiums quoted are inclusive of 5% Government Levies and Glennon’s brokerage fee of €50.00 per policy

Important Note: Where all directorships held have the benefit of primary Directors & Officers Insurance in place a discount of 30% off the above premiums applies.

 

Directors & Executives Personal Indemnity Insurance offers the following benefits subject to policy terms and conditions:-

 

  • €1,000,000 limit of Liability in the aggregate
  • Full retrospective cover.
  • No excess.
  • Full limit defence cost cover for allegations of fraud, dishonesty and unintentional breach of law.
  • Pre-Claim Inquiry cover.
  • Reputation Expenses up to €250,000.
  • Insolvency Hearing costs cover up to €50,000.
  • Punitive and exemplary damages
  • Cover for civil fines and penalties where legally permitted.
  • Personal liability for unpaid corporate taxes.
  • Worldwide Cover, excluding USA & Canada.

 

Terms and Conditions apply and further details will be required to confirm a full quote.

IODDirectors and Officers Liability

Interested? Just Contact Us!