Directors & Officers Liability FAQ

If you run an Organisation, or sit on a Board of Directors or a committee, you have a duty of care owed to many different stakeholders. As a result you can be personally liable for the decisions you make on behalf of that Company or Organisation you represent. 

Being personally liable as a Director or an Officer of a company means that you would personally have to pay compensation, legal costs or even a Fine or Penalty.

This means selling your home or any other assets you own, losing all your savings, may be even becoming bankrupt as a result. This means being unable to run your own business or be a Director of any company for many years,

Having said that, did you know that only 17%* of Australian entities have some form of Directors & Officers Liability cover?

Yet globally many Directors are very concerned about their personal liability exposurers. Read more here

CPR Insurance Services can save you from being uninsured for these exposures. Call us or read more about this area on this page.

CPR Insurance - Experts who will save you!

*Figure provided by Australian Institute of Company Directors

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Latest News

Will you lose the value of a Broker?

If you listen to the Podcast on this link you will here Robert Cooper explain to his Accountant why Small Business stands to lose if Insurance Brokers are not there to advise start up businesses and established businesses about the risks their occupation carries and how they can deal with them. Simply because they will not want to pay the fees that would be charged. Currently instead, Insurance Companies pay the Broker after the Insurance has been placed with them. Perhaps the premiums will appear a bit cheaper in the first year? Then they will question the fees an Insurance Broker puts on top and finds they can go to the Internet and obtain the same cover at the same price. However, they will not have the constant advice and claims advocacy that comes with an Insurance Broker. The big loser is definitely the Consumer as direct insurers give absolutely no advice, only price.

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Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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