Insurance Products

Directors and Officers Liability Insurance

Protection of the personal assets of Directors and Officers is provided through indemnity insurance for loss arising from a claim as the result of a 'wrongful act' they commit during the course of conducting their business.

Regardless of their company’s size or business activities all company Directors and Officers have an exposure to potential claims and legal action. Immense accountability and pressure is placed on company Directors and Officers through corporate governance and regulatory surveillance to perform their duties thoroughly. Claims can arise from:

• Breach (alleged or actual) of the Trade Practices/Fair Trading Legislation
• Enquiries by regulatory authorities (e.g. ASIC, ATO, ACCC)
• Breach of Contract
• Shareholder disputes
• Defamation
• Competitors
• Creditors

Directors and Officers Insurance aims to provide protection for:

• Loss arising from a ‘Wrongful Act’ committed by them in the course of conducting their business
• Settlements, compensation and/or damages awarded against them
• Legal costs and other expenses associated with defending a claim

Please Contact Us now on 03 8615 0600 to speak directly to a Principal or Senior Adviser about how best to protect your business asset.

Selecting The Right Policy

It is very important that you understand your insurance requirements and the extent of your policy coverage. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

You will find that each insurance company has its own policy wording and therefore the coverage can vary considerably from one insurer to another. So it becomes vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Advisers, it is our role to understand the terms and conditions and apply them to your individual business needs. We rely on our extensive international and national experience in specific sectors of insurance to select the right insurance for your business. We can then provide advice and tailor make the best insurance program to reduce risk and provide peace of mind.

For expert advice, real experience and a comprehensive understanding of your business and it's insurance requirements.
Call now on 03 8615 0600 and arrange a no-obligation consultation with a member of the PACE Insurance team.