FAQ for Directors and Officers Insurance Policy
Frequently Asked Questions
Can I pay the premium monthly?
Yes, premiums can be spread between 6 & 12 months. The
interest rate charged vary between insurers and schemes.
Isn’t this covered by My Company Insurances?
No. The Liability to individual Directors & Officers extends beyond the scope of the Company’s Policies.
If a claim is made against me, won’t my Company be able to pay the defence costs?
No. The Companies Act does not allow for such defence costs to be paid by the Company.
I am currently with an existing insurance provider. How quickly can I arrange a new insurance policy?
Typically, we can arrange Directors and Officers Insurance cover on the same working day that you contact us. We understand the importance of ensuring the smooth transition of your insurance policies and maintaining your insurance cover at all times. Therefore you can rely on our Insurance expertise and extensive knowledge of the industry to provide you with the cover you need and within your deadline.
Frequently Asked Questions
What happens in the event of a claim?
We will actively manage the claim for you from
notification to settlement ensuring minimum interruption
to your business.
Do the Directors have to pay the premium themselves?
No. The premium is a legitimate expense that can be paid by the Company.
Isn’t this a Policy that is only required by big organisations?
No. The responsibilities of individual Directors & Officers is more easily identifiable in a smaller Company, for instance where Health & Safety issues are concerned, particularly relevant when claims arise for corporate manslaughter.
If you have any further questions about Directors Officers Policy insurance, please contact us today.
Contact us
Call us now on 01489 579808 for a free no obligation quotation
Testimonial
"We have been a client of Greenfield Insurance Services for the past 10 years. We use them because of the Personal Service that they offer – “the customer always comes first”. This is very important to us, they always do what we ask, they take up issues on our behalf and ensure that the insurance is tailored to our business needs. They are very helpful and responsive. I would recommend their services to other businesses."
Peter Aldridge
T&H Contract Services
