10 Minute Expert: Directors & Officers Liability
Explore the intricacies of medical malpractice, its risks, and iTOO’s tailored coverage for healthcare professionals.
Why get your directors and officers liability covered by iTOO?
At iTOO, we fully comprehend the personal severity of these kinds of claims. If the buck stops with you, make sure your bucks are covered by an industry expert who thinks and acts ahead of the curve. After all, your personal financial security and wellbeing may rest in the hands of an insurance provider.
With us, you can always be assured of professionalism, quick turnaround times and world-class technical knowledge. We’ll keep you in the loop every step of the way.
Our comprehensive offer
What's included?
Our specialist cover includes:
70% of SMEs don’t have adequate D&O cover
Clever insurance for clever people
Service that puts you at ease. Expertise that keeps you ahead.
How to get cover
Ask your insurance broker to contact us for a quote for your Directors & Officers cover. Don’t have a broker and want us to recommend possible FAIS registered brokers trained in our products? Find a broker or contact one of our experts.
Forms and documents
Directors and Officers Proposal Form
Please complete this proposal form for Directors and Officers personal liability indemnity and Company reimbursement cover for claims against Directors.
iTOO Directors & Officers Liability Product Card
This is a concise summary of the product offering, it provides a snapshot of the product's benefits, triggers and valuable partnerships.
How to claim
You’re in the hands of an expert. You can always be assured of professionalism, quick turnaround times and world-class technical knowledge. We’ll keep you in the loop every step of the way. Simply send us an email detailing your claim and our claims department will contact you for specific details.
Frequently asked questions
Are a company's subsidiaries covered under the D&O policy?
Yes, with iTOO subsidiary boards are covered. We also provide provision for automatic inclusion of newly acquired or created companies; but we would require notification of these.
Can a director defend a fictitious claim?
With a D&O policy you are covered for defence costs. Our panel of legal advisors will decide whether to defend the director in court. If so, the director will not have to pay for expensive legal battles that may be drawn out for many years. If the defence is successful, then the director will not need to carry personal loss. We will however subrogate should it be legally declared that the director did act fraudulently.
Why should private companies purchase D&O insurance?
It’s often worth noting that the legal costs of defence are huge, often surpassing a new, growing companies worth. A negative judgement could lead to the complete financial crippling of a private entity.
iTOO Insights
10 Minute Expert: Directors & Officers Liability
Explore the intricacies of medical malpractice, its risks, and iTOO’s tailored coverage for healthcare professionals.
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