Directors & Officers Liability  (D&O liability Insurance) provides your directors and officers with personal liability and financial loss coverage from wrongful acts committed, or allegedly committed. Private companies must ensure they are compliant with the legal framework relevant across their entire operations – this includes careful management of their professional relationships with employees, creditors, customers and suppliers.

Is It necessary for SMEs enterprise to be protected with D&O Insurance ?

Many SME directors and senior management are aware of their exposure to unlimited financial & credit liabilities but just are not aware of the solutions to it. This resulted to placing themselves and the company at risk - gambling with luck during their daily operations. 

The same laws and regulations apply to companies regardless large or small, so Directors of SMEs have the same level of responsibility as those of larger or public companies. Claims can arise from many areas of your commercial operations. Therefore, a prudent company  should ensure that D&O insurance is a mandatory protection, because in many cases the director of a company will be the one held responsible, even if the mistake was not solely yours. By overseeing a company, you are not only responsible for the day-to-day action you made , but for those of your employees as well. 

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