Director Needing D&O / Management Liability

Personal protection for directors and officers — Side A, Side B, Side C and where private NZ companies fit.

Directors and officers face personal liability for wrongful acts in their corporate capacity (regulatory investigation, breach of duty, statutory penalties). Public companies need D&O with Side A/B/C structure. Private NZ companies typically run Management Liability — a packaged cover that bundles D&O with employment practices, statutory liability, tax investigation, and crime.

Cover types most relevant

Directors & officers

D&O insurance protects individual directors and officers from personal liability for wrongful acts in their corporate capacity. The Side A / Side B / Side C structure decides who is named on which limit and what defence costs are advanced.
Management liability

Management liability is a packaged cover for private companies bundling D&O, employment practices liability, statutory liability, tax investigation and crime into a single policy. Module coverage and sub-limits vary materially by insurer.

Refining for your situation

What kind of company? — affects how we weight matching clauses

Watch out for

insured: 'Insured versus insured' exclusions can block claims between current/former directors. Look for a derivative-action carve-out.
run-off: When directors retire or the company is sold, run-off cover (typically 6-7 years) protects them from claims for past acts. Negotiate BEFORE the transaction, not after.

Director Needing D&O / Management Liability

Cover types most relevant

Refining for your situation

Watch out for

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