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The role of the Director is becoming increasingly demanding and dangerous in today's corporate environment. Responsible to company shareholders, financial regulators and government agencies, a director faces potential legal liabilities on all sides. With the onset of more stringent corporate governance guidelines, and increasingly complex legislation, recent years have seen a dramatic rise in the number of claims against directors and officers, both as a result of shareholder class actions and individual claims.
Directors and Officers Liability Insurance is the most effective means of ensuring a level of protection against the potential costs of a court case or settlement of a claim. Failure to purchase such cover can put the personal assets of the director or officer at risk. Considering the potential costs of the legal defense of a director, the financial penalties incurred if the case is lost, and the fact that the director's personal assets may be at risk, it is clear why a comprehensive D&O policy is now seen as an essential element of a company's insurance armory.
Howden Insurance Brokers are the leading specialist D&O Insurance brokers in Israel. Our clients include many of the Israeli companies traded in overseas stock markets, almost the entire VC market, leading industrial companies and hundreds of start-ups. Through a combination of the excellent relationships we have with insurers and the expertise that we continue to develop to meet our clients’ needs, the careful wording of the policy and the support of our experienced claims team, we are able to deliver truly tailor-made solutions with personal service.
Our clients can be confident in making critical business decisions – knowing they have the support of the Howden team and the backing of an insurance policy.