Directors and Officers Insurance | BBi Ireland
BBi Ireland can arrange independent or Directors and Officers Insurance to protect your business, vehicles, people and more. Get in touch to discuss your requirements today.
Directors and Officers Insurance
BBi Ireland arranges directors and officers insurance to help protect your leadership team from personal liability, covering legal costs and claims while safeguarding personal assets.
What is Directors and Officers Insurance?
Directors and officers insurance helps to protect company leaders from personal liability when faced with legal claims arising from their management decisions and alleged wrongful acts.
Without adequate insurance cover, directors and officers can be held personally liable for claims brought by employees, shareholders, regulators, or other parties, putting personal assets at serious risk.
Even when you act in good faith and with the best intentions, mistakes can happen, and claims can arise from regulatory investigations, employment disputes, or legal actions related to your role as a company leader.
As a director or officer, you have a duty of care and fiduciary duty to various stakeholders, and the potential risks you face are significant. Directors and officers liability insurance covers legal fees, defence costs, and compensation payments when claims are made against you personally for decisions made in your professional capacity. This essential financial protection can often ensure that legal expenses and settlements don’t threaten your personal wealth, allowing you to focus on leading your business with confidence rather than fear of personal financial ruin.
At BBI Ireland, we’re your trusted broker partner, working with tailored D&O insurers to arrange bespoke policies tailored to your specific circumstances and risk profile.
Our extensive experience in officers liability insurance means we understand the complex cover requirements of different industries and company structures, and we work tirelessly to find the right cover levels. We have access to multiple experienced insurers rather than representing a single provider, which means we can shop the market on your behalf to secure protection that truly meets your needs.
With over 35 years’ experience in the Irish insurance market, we’ve helped businesses of all sizes protect their leadership team from personal liability. Whether you’re directors of private companies, executives of larger corporations, board members of non-profit organisations, or pension trustees with fiduciary responsibilities, we understand the unique exposures you face and can arrange insurance policies that provide robust financial protection.
Why Choose BBi as a Broker Partner
Our Heritage
Dedicated Account Manager
We have specific service level agreements with insurer partners, ensuring our clients get a great service.
In-house Claims Team
BBi Ireland has an experienced team of professionals looking after your needs when you need us the most.
35+ years’ experience
With up-to-date knowledge of the latest legislation and health and safety issues faced by companies across Ireland.
Flexible Cover
Our cover and payment methods are flexible so you can choose the option that suits your business needs.
One Stop Shop
We can arrange cover for a wide range of business and personal insurance requirements.
What Can Directors and Officers Insurance Cover?
Legal Costs and Defence Costs: Your directors and officers liability insurance covers legal fees, solicitor fees, barrister costs, court expenses, and other costs associated with defending legal claims or responding to regulatory investigations. *subject to limitations. Even if allegations against you are ultimately unfounded, defence costs can be substantial, and your policy responds to cover these legal expenses from the moment a claim is made. This includes cover for criminal actions where directors are held liable, though cover excludes deliberate fraud or dishonesty. The insurance covers these costs regardless of the outcome, protecting your personal assets from being depleted by expensive legal proceedings. *subject to limitations
Compensation Payments and Settlements: When claims result in financial losses to third parties and you’re found liable for alleged wrongful acts, your insurance cover pays compensation, damages, and settlements on your behalf. This helps to protect personal assets from being seized to satisfy judgments or settlement agreements arising from your role as a director or officer. Whether claims come from shareholders alleging mismanagement, creditor claims following insolvency, or other parties alleging negligence or breach of duty, your policy helps to provide financial protection up to your cover limits, ensuring that your personal wealth remains secure.
Employment Practices Liability: A significant portion of claims against directors and officers come from employees alleging wrongful termination, discrimination, harassment, failure to promote, or other employment-related issues. Employment practices liability cover, included in most directors and officers policies, covers legal claims, legal costs, and settlements arising from these allegations. This protection is crucial as employment practices liability claims have increased significantly in recent years, and even businesses with strong HR practices can face allegations that require costly legal defence and potentially result in substantial settlements.
Regulatory and Investigation Costs: Directors and officers increasingly face scrutiny from regulatory bodies, and responding to regulatory investigations can be extremely expensive even when no wrongdoing has occurred. Your insurance cover extends to the costs of legal representation during regulatory inquiries, responding to information requests, attending hearings, and other legal expenses associated with compliance matters. This cover recognises that the regulatory environment has become more complex and that directors have fiduciary duty and legal responsibilities that may be questioned by various regulatory authorities, requiring tailored legal advice and representation.
Why Choose BBi for Directors and Officers Insurance?
High Quality Options
We work exclusively with experienced D&O insurers regulated by the Central Bank of Ireland who have tailored knowledge in directors and officers liability insurance and a proven track record of handling complex claims fairly.
Our access to multiple insurers means we can arrange bespoke policies tailored to your specific circumstances, whether you’re a small private company, a growing mid-sized business, a non-profit organisation, or pension trustees requiring tailored liability cover.
Unlike brokers tied to a single provider, we can match you with insurers who truly understand your industry and risk profile, ensuring your insuring agreements are and your policy period provides continuity of cover that helps protect against reporting errors and ensures claims are covered appropriately.
Our Experience
With extensive knowledge of D&O requirements across industries, we understand the specific risks faced by executives, board members, managers, and pension trustees in different sectors and organisational structures.
Our team stays current with the changing regulatory environment in Ireland and understands how fiduciary duty, governance standards, and compliance requirements affect your potential risks and cover needs. This tailored knowledge ensures that we can identify cover gaps, recommend appropriate cover levels, and ensure your policy meets both legal requirements and practical needs for adequate financial protection.
Whether you’re concerned about employment practices liability, potential regulatory investigations, creditor claims, or the risk of legal actions from various parties, our experience means we can guide you to insurance policies that truly protect both your personal liability and, where appropriate through entity cover, your corporate assets.
Contact Our Directors and Officers Insurance Team For More Information
