Directors & Officers Liability Insurance (D&O)

The responsibility for ensuring that organisations comply with the requirements and cybersecurity standards set out in the NIS2 Directive lies with the senior management of the companies. It is their responsibility to ensure that the necessary measures are in place, that employees are properly trained and that security procedures are continuously monitored and improved.

The Directors & Officers Liability Insurance (D&O) provides useful protection for senior management in the event of liability or compensation claims following a failure to comply with NIS2 or a cyber-attack.

Directors and Officers (D&O) Liability Insurance provides useful protection for senior management should they face liability or claims following either a failure to comply with NIS2 or a cyber-attack.

WHY IS IT IMPORTANT?

Senior managers are responsible for ensuring compliance with the NIS2 Directive and cybersecurity standards, educating employees and continuously improving security measures. They can be held personally liable in the event of a data breach or cyber attack.

WHAT DOES THE INSURANCE COVER?

  • Claims cover: protection against claims arising from the alleged or actual wrongful conduct of drivers.
  • Legal expenses coverage: covering lawyers’ fees, litigation and experts’ fees.
  • Fines and damages: funding for fines, legal charges imposed or settled.
  • Employer infringements: cover for claims arising from employee infringements.

OUTSTANDING BENEFITS:

  • Unlimited Retroactive Coverage: Provides coverage for claims not known when contracting if the claim is filed during the policy period.
  • Double indemnity limit:
    • Once to cover claims.
    • Second, for related costs such as legal defence. This was the limit is available twice.
  • Unique additions:
    • Psychological support costs.
    • Replacement of a company car if availability is limited.
    • Defence against potential claims, e.g. expert advice.

HOW CAN WE HELP?

Via our international network of brokers, we offer our clients the best cyber insurance products and services. We have access to the network’s international expertise and with our strong domestic and international insurance relationships, we provide a full range of risk management and insurance solutions.

Our insurance partners are solely market-leading companies with a solid financial background, the highest underwriting capacity in the market and more than 10 years of professional experience in cyber and data protection insurance.

We provide a high level of support to our clients with fast and simplified contracting and claims management process, proactively handling administration and the liaising with insurers.

We help you to ensure that your business is as secure as possible and minimise the financial risks from cyber incidents and regulatory obligations.

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Protect your business against the challenges of the future and contact us for a free consultation with our colleagues!

 

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