Directors & Officers Circumstances & Claims

Claims on Directors & Officers Liability Insurance

Prompt Reporting

It is important that your insurers are notified as soon as you become aware of a claim or circumstances that might result in a claim.

The Benefits of Prompt Reporting include:

  • Insurers can immediately appoint solicitors to record relevant information which may be forgotten by the time a claim is made.
  • The claim can be managed by your insurers and their solicitors who are experienced in dealing with such matters.
  • Your business can continue with the minimum amount of disruption caused by the claim.
  • The matter may be resolved by the insured and the insurers before it proceeds to legal action.

Normal Practice

You must provide all necessary assistance to your insurers in the event of a claim.

You must never admit liability, settle a claim or incur any costs in with the claim without the written consent of your insurers. Your insurers are entitled at any time to take over and conduct the defence or settlement of any claim in your name.

For a full understanding of Directors' and Officers' liability insurance it is vital that the policy wording be examined and discussed with your advisers. This summary is not a definitive analysis of the insurance coverage and is given for general information purposes only.

Latest News

Finalists again in 2020

CPR Insurance Services was very pleased to be nominated again for this year's Insurance Business Magazine awards. Unfortunately the Awards night has been postponed until later due to COVID19, we very much appreciate the accolades this brings us. We have been nominated three years in a row now and won the the award the past two years. It was always going to be very hard to win three in a row.

read more

CPR Insurance Services Awarded Authorised Representative Insurance Business of the Year for 2019

Mandy and Robert Cooper were proud to receive the inaugural Authorised Representative Business of the Year from ANZIIF in the Australian Insurance Industry Awards for 2019.

We share this award with all our staff, Lauren, Guy and Sarah and thank them for their dedication in providing the best possible customer service. We also thank our clients who have made our business what it is today. We thank you all so much.

read more