Directors and Officers Liability Insurance

Directors and Officers Liability Insurance Broking Solutions

A Directors and Officers policy protects Directors and Officers from claims which may arise from their decisions and actions taken within the scope of their official duties.

Whilst they would normally expect to be indemnified by the company, the company is in some cases prohibited from doing so either by law, financial inability, or corporate policy.

Typical sources of claims include:

Shareholders – related to mergers and acquisitions, financial performance, executive compensation, stock or other offers, financial reporting, inadequate or inaccurate disclosure, insolvency, and conflicts of interest.

Clients – related to deceptive trade practices, dishonesty, contract disputes, and sales process.

Other stakeholders or third parties – employees, SARS, regulatory and government issues, banks, trade unions, competitors, and liquidators.

Globally, Aon has driven the progression of Directors’ and Officers’ (D&O) liability insurance broking for over 20 years and has developed many products that are now accepted industry standards. Aon places more than $2.6 billion in D&O liability premiums annually.

Because each individual and organisation is unique, we partner with you to understand your risks and opportunities before dispensing advice and solutions that empower results for you and your business.

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Risk & Innovation

Five Risk Trends Affecting SMMEs

The world certainly looks very different a year later, and nowhere is it more apparent than in the Small, Medium and Micro Enterprises (SMME) space. The sector has faced more than its fair share of obstacles during the COVID-19 pandemic amidst a contracting economy and lockdown measures that reduced income streams to a trickle.

Flooding on the Cards

With above normal rainfall[1] predicted for South Africa until April, flooding could be a reality for many South Africans in 2021. In Aon’s Weather, Climate and Catastrophe 2020 Report, flooding was identified as the second largest peril across the globe, following tropical cyclones, with a devastating cumulative economic loss of $1,191bn (R17,674bn). What is even more concerning is the fact that only 17% of losses were insured.