Directors & Officers Liability Insurance
This insurance policy protects directors and officers against claims made against them for wrongful acts undertaken in the running of an organisation. Wrongful acts may include breaches of duty or trust, neglect, error, omission, misstatement, misleading statement or other wrongful acts i.e. wrongful termination of employment, public statements of libel and slander, discrimination on the basis of race, religion, sex, age or disability etc.
There is always a possibility of litigation, whether from shareholders, bankers, creditors, employees, customers, regulators or liquidators. Since the costs & compensations amounts of claims are very high, it is therefore very wise to have this vital cover to protect you & your business against potential claims.
Main Benefits May Cover
> Advancement of defence costs
> Damages awarded against the director or officer
> Exemplary damages for libel and slander
> Company re-imbursement
> Cost of Investigation
> Blanket cover for any person deemed to be a director
> Managerial/supervisory staff included as insured persons
> Employment practice liability insurance
> Crime insurance
> Identity theft costs and expenses
Reasons Why You Should Seek Advice From Us
Being an independent firm, Rainbow Associates is not tied to any one product provider. In order to find: a right product, from a right company, at a right price, we being qualified & authorized insurance advisors, have access to a wide range of insurance companies as well as the insurance wholesalers in the marketplace. Since treating customers fairly is our core value, we therefore perform an extensive market research in arranging the top rated insurance products, from top rated insurance companies at competitive prices.
As insurance products are very complex and so many different to choose from, we understand that it is difficult for you to choose the best cover on your own. Many people make the mistake of simply buying the cheapest cover they find and then discover that they are not able to make a claim. However, you need not to worry anymore, because we at Rainbow Associates, know the insurance business inside out. You can shift all of your hassle & worry to one of our insurance advisors, who will do all the hard work for you from finding the best quote to filling in and submitting all the forms to the insurance company as well as chasing the insurance company to underwrite & accept the cover as soon as possible.
If you want to benefit from our expertise and need help and advice from one of our experienced insurance advisors, then you should fully complete the Enquiry Form provided on the right-hand side of this page, by ticking off the products you are interested in to discuss with us, as well as fill in a few basic details and send the enquiry form to us, so that one of our insurance advisors can contact you to make an appointment to discuss your insurance requirements at a time convenient for you.