Directors and Officers Liability
Commercial Insurance
AUD 1K /year
AUD 10M
AUD 1,000
All States
Yes
- 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 Liability by ProRisk Underwriting Pty Ltd supports private company leaders facing personal exposure from management decisions. The cover suits businesses registered and trading in Australia that want straightforward protection for their directors and officers.
The product sits within commercial insurance and offers flexibility from around AUD 1,000 per year up to AUD 10 million. Policies typically carry an AUD 1,000 excess and are available to clients across all Australian states.
About Directors and Officers Liability by ProRisk Underwriting Pty Ltd
Target clients include a wide mix of SMEs, from trades and retailers to professional services, allied health and real estate. The appetite also covers cleaning and maintenance, beauty therapists and administrative or support services like bookkeepers and designers.
Brokers can quote and bind this cover online through ProBind and can adjust limits and excess for each client. ProRisk highlights portfolio wide benefits such as whistleblower hotlines, contract reviews and access to complimentary legal guidance.
Brokers can find more detail on Directors and Officers Liability by ProRisk Underwriting Pty Ltd in the product documents. The 'Contact Underwriter for Quote’ link and named practice leader make it easy to start a quote or discuss a tricky risk.
Directors and Officers Liability by ProRisk Underwriting Pty Ltd FAQs
Who is eligible to apply for the policy?
This policy is designed for private company directors and officers of businesses registered and trading in Australia. It is available to clients across all Australian states through licensed insurance brokers who can access ProRisk or the IB Markets product page.
What is the typical client size targeted by Directors and Officers Liability by ProRisk Underwriting Pty Ltd?
The focus is on affinity, SME and mid-market clients that need directors and officers cover without complex placement. This suits smaller private companies and professional practices that want clear limits, simple excess and fast online binding through ProBind.
Which industry segments does this directors and officers liability cover specifically target on the IB Markets product page?
The target appetite for this ProRisk Underwriting Directors and Officers Liability product includes a broad mix of everyday businesses across Australia. It names cleaning and maintenance firms, cafes and restaurants, farms, retailers, trades, real estate agencies, professional services, allied health providers, beauty salons and administrative or support service providers. These segments all involve directors or officers making business decisions that could lead to management related claims.
How does Directors and Officers Liability by ProRisk Underwriting Pty Ltd fit within a client’s overall commercial insurance program?
The product sits under the Commercial Insurance line of business for business-focused cover. It can sit alongside other ProRisk products like Cyber and Privacy Liability, Small Business or Management Liability to support broader risk programs.
What additional support services does ProRisk highlight that may complement this directors and officers liability product for private companies?
ProRisk promotes several value-added services across its portfolio to help clients from day one. These include a whistleblower hotline service, contract reviews, complimentary legal advice and privacy policy update services, which all support better governance for insured organisations.
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