Directors Personal Liability Risk Protector
Putting the control of insurance back in the hands of directors
Life in the corporate boardroom has never been more precarious. The global financial crisis has seen the collapse of many high profile companies. Contentious takeovers, white-collar fraud and shareholder actions are just a few of the many challenges today’s directors have to deal with. Company directors also have the additional pressure of growing scrutiny from both the regulators and the courts.
In this challenging environment the Directors and Officers Policy no longer offers a complete solution to the risks faced by directors. Directors are recognising the need for their own personal insurance contract to provide them with the protection they require.
Risk Partners has developed a new insurance product, the Directors’ Personal Liability Risk Protector, which is a primary insurance cover that directors can rely on immediately if a claim is made. This product puts the control of insurance back in the hands of the director….giving them the security and confidence to get on with their roles and responsibilities.
Our product was independently critiqued in the March 2007 edition of the Australian Institute of Company Directors (AICD) Company Director Magazine by consultants to the AICD.
This product is available directly through Risk Partners or via your existing insurance broker.
If you would like to get a quote, please contact our office on +61 3 9929 9800 and ask for Tom Mason. Alternatively you can email firstname.lastname@example.org.
This exclusive policy is underwritten by a Consortium of syndicates of Lloyd’s of London. Lloyd’s of London are authorised by the Australian Prudential Regulation Authority (APRA) to conduct new or renewal insurance business in Australia.
APRA is the prudential regulator of the Australian financial services industry. It oversees general insurance and reinsurance companies, banks, credit unions and building societies. For information on how APRA regulates insurers operating in Australia we refer you to APRA’s website www.apra.gov.au.