MAGE expertise
Directors' and officers' liability (D&O)
The personal liability of management bodies and board members.
The essentials
Board members, managing directors and executives can be held personally liable for decisions taken in the course of their duties.
D&O insurance aims to protect their personal assets and fund their defence, according to the contract conditions. We help you understand what is at stake; the legal analysis of your situation is a matter for a lawyer.
The situations concerned
- A new board member or investor joining.
- Growth, fundraising or restructuring.
- A regulated or exposed activity.
- Board members' questions about their protection.
How we support you
- Explaining how D&O cover works.
- Analysing the insured persons and the exclusions.
- Comparing solutions and supporting the placement.
Before deciding
Points to examine
- 01The insured persons, including former and future ones.
- 02The exclusions, notably in the event of intentional misconduct.
- 03The period of cover and late claims.
- 04The link with business liability and legal protection insurance.
How it works
How we move forward together
- Step 1
Understand
An initial conversation to grasp your business, your priorities and your concerns.
- Step 2
Analyse
We read the documents and identify the gaps between reality and cover.
- Step 3
Decide
You receive clear options, with their consequences, so you can decide with full knowledge of the facts.
- Step 4
Support
We implement and stay at your side for deadlines and claims.
- Step 5
Review
At regular intervals or with every significant change, we review the whole picture.
Frequently asked questions
Your questions
Does an SME need D&O cover?
Directors' liability exists regardless of size. Whether cover is useful depends on the structure, the financial stakes and the people involved.
Does D&O cover fines?
Fines and penalties are often excluded or limited. The conditions specify what is covered.
Who pays the premium?
Generally the company. The question can be discussed within the board.
Can you analyse my personal liability?
No. We explain insurance; the legal analysis of a personal situation is a matter for a lawyer.
Related services
Let’s talk about your business.
A first conversation to understand your situation, with no obligation. Call us or write to us.