What is Directors and Officers Insurance?

D&O Insurance Hong Kong -directors and officers liability insurance

Directors and Officers Liability Insurance comes as the protection of personal liabilities for its board members and management staff.

Directors and Officers Liability is most of the time known as D&O Insurance.

As Directors or Officers, you are directly and personally liable for any decision you take for the company. Knowing that there is a large number of third parties that may sue you for your work decision. From your shareholders to your employees, passing by government, clients and more…

D&O insurance is the key to protect company management and let them focus on their job more without fears for their personal liability.

What is covered?

Directors and Officers Liability Insurance basically can covers:

  • Your defence costs and legal representation expenses
  • Judgements, settlements and bail bond costs
  • Losses incurred for civil fines and penalties
  • Crisis costs
  • Public relation expenses
  • Cost arising from extradition proceedings
  • Tax contribution in case of insolvency of the company while one or more of the insured have personal liability.
  • Reputation protection expenses

What should you know?

Even if the claim is irrelevant and built without solid arguments, you would face defence costs that strongly affect your cash flow. Therefore, a D&O case can be devastating for any company and particularly for SMEs.

In many SMEs, especially in their foreign branch, we often meet managers who think they have no personal liability as they are not directors. This is a mistake. Any acting officer is liable for his personal decision during his work. Whether he is a general manager, HR manager, CFO, Factory Manager etc…


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  • D&O Insurance Hong Kong -directors and officers liability insurance

Everything You Need To Know About D&O Insurance

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When we begin our careers as employees, we aim to improve our jobs and keep working to grow. That's why when we hear the word 'promotion', our eyes light up and know the hard work has paid off. The harder and smarter we work, the more promotions we reach until we get that manager or CEO title. Thus, roles like CEOs, CFOs, HR and any manager come with great responsibility and authority. These roles fall under the category known as directors and officers (D&O). Directors are responsible for supervising, managing and leading the company's direction (at the top of the [...]