Directors & Officers Liability Insurance - MNK Re Limited | Lloyd's of London Reinsurance Broker

MNK Re Limited
Insurance and Reinsurance Brokers
3 Lloyd's Avenue, London EC3N 3DS
Call: +44 203 036 0924 / 0925
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Directors & Officers Liability Insurance

FACULTATIVE > Casualty | Liability

Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnifications for certain damages (losses) or advancement of defense costs in the event any such insured suffers such a loss as a result of a legal action (whether criminal, civil, or administrative) brought for alleged wrongful acts in their capacity as directors and officers (as to the individual directors/officers) or against the organization(s) (either for securities claims or - if private - other actions against the organizations themselves).

With greater corporate governance and regulatory surveillance in place today, company directors and officers are under increased pressure to carry out their duties and obligations meticulously. Failure to do so may lead to personal liability for the individual director or for the entire board of directors, regardless of whether they are acting in a part-time, honorary or non-executive capacity. Directors and Officers (D&O) Liability Insurance is designed to protect the assets of company directors and other individuals of a corporation against such claims.
Key Exposures:

  • Employees - actions alleging discrimination, harassment, breach of employment contract, defamation, misleading misrepresentation, wrongful discipline, etc
  • Creditors - alleging that the director allowed the company to trade whilst knowing it could not pay its debts.
  • Government agencies - directors and officers may be personally liable for breaches of hundreds of statutes.
  • Competitors - Trade Practices Act claims brought against the directors for misleading and deceptive type conduct.
  • Shareholders - alleging that the directors mismanaged the operations of the company and its funds.

To get a quote or to get a proposal form, please email or
Target Market

Insured firms can be not-for-profit, privately held, or publicly traded. Start-ups will be considered. All industry sectors, both commercial and financial, are underwritten.

Other related products which can be offered separately or by endorsement include:

  • Prospectus Liability coverage
  • Pension Fund Trustees Liability
  • Employment Practices Liability
  • Runoff cover for up to 6 years (or as statutorily required)
Key Features:

  • Underwritten on a claims-made aggregated limit on a costs inclusive basis
  • Full policy limit available for breach of Occupational Health and Safety Laws
  • Advancement of defence costs
  • Cover for joint ventures and new subsidiaries
  • Continuous cover
  • Worldwide claim cover
  • Optional reinstatement of policy limit

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