Directors and Officers Excess
Commercial Insurance
AUD 1K /year
AUD 10M
AUD 1,000,000
All States
No
- Directors and Officers Liability
- cleaning and maintenance businesses
- cafes and restaurants
- farms, agriculture, forestry and fishing
- trades - air conditioning installation, solar panel installation, electricians, shop fitters, cabinet makers
- retail businesses, such as florists, dress shops, shoemakers, drycleaners, bakeries
- professional services, such as accountants, architects and engineers
- medical and allied health professionals, such as psychologists, chiropractors, dentists
- beauty therapists, such as hairdressers, nail & beauty salons
- real estate businesses
- administrative and support services, such as bookkeepers, secretarial services or graphic designers
Product Overview
Directors and Officers Excess by ProRisk Underwriting Pty Ltd gives small and medium businesses extra protection above primary directors and officers (D&O) cover. It sits in ProRisk’s commercial suite for Australian firms registered and trading across all states and territories.
The product focuses on directors and officers liability, adding an excess layer starting at AUD 1 million above primary cover. It shows an excess of AUD 1 million and limits up to AUD 10 million, giving brokers flexible options for clients needing higher levels of management liability protection.
About Directors and Officers Excess by ProRisk Underwriting Pty Ltd
Directors and Officers Excess by ProRisk Underwriting Pty Ltd targets many SME sectors, from trades and retail to professional services. It also suits healthcare, beauty, real estate and administrative businesses, where boards and owners face personal management exposures.
Brokers can contact ProRisk’s commercial team through the product details here or by using the ‘Contact Underwriter for Quote’ option. Those wanting quotes or bind options can also follow the linked ProBind platform or ProRisk product webpage for more detail.
Directors and Officers Excess by ProRisk Underwriting Pty Ltd FAQs
How does this excess cover sit above a primary directors and officers policy?
This cover is designed to sit above an existing directors and officers liability policy as an excess layer, responding once the primary policy limit is used. The policy has an excess of AUD 1 million, with available limits up to AUD 10 million, so brokers can structure higher layers over the client’s base cover.
Does this excess product support SMEs that already buy primary management liability from ProRisk or another provider?
The product is aimed at small and medium businesses registered and trading in Australia, regardless of which insurer provides the primary cover. It appears in the commercial insurance product area on IB Markets, so it can complement a wider management liability program where a primary D&O or management liability policy already exists.
Which industries can consider Directors and Officers Excess by ProRisk Underwriting Pty Ltd?
Target classes on the IB page cover a broad SME mix, including cleaning and maintenance businesses, hospitality, retail and trades. It also lists farms, professional services, medical and allied health, beauty, real estate and administrative services, so Directors and Officers Excess by ProRisk Underwriting Pty Ltd can apply to many everyday Australian businesses with active directors and officers.
Can small professional firms and medical practices use this excess cover for their directors and officers exposures?
The target list includes professional services as well as medical and allied health. This shows that small practices in these fields fall within the stated appetite, provided they are registered and trading in Australia.
What role does the ProBind platform play when placing Directors and Officers Excess by ProRisk Underwriting Pty Ltd?
ProRisk’s website explains that ProBind lets brokers quote, bind and renew policies online, with proof of insurance available in minutes. For Directors and Officers Excess by ProRisk Underwriting Pty Ltd, the IB product page links directly to ProBind, giving brokers a clear path to structure limits and excess levels and to finalise placements efficiently.
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