Directors & Officers (D&O) Insurance

Company managers can be held legally responsible for mistakes made in the performance of their work.

Allianz Global Corporate & Specialty's (AGCS) Directors and Officers Liability (D&O) Insurance provides cover for company managers to protect themselves from claims made against them. The risks we insure include prospectus liability and employment practices liability. What's more, D&O insurance can also reimburse the insured company if it has paid on behalf of its managers to settle claims from a third party. 

Product description

Our D&O Insurance covers current, future and past directors, as well as non-executive directors, subsidiaries, and officers of a company. The risk scenarios we cover include prospectus liability, pension trust liability and employment practices liability. And in specific cases, such as securities claims, the cover can be extended to cover the company itself. 

D&O insurance can also be used to recover defense costs and financial losses, as well as costs incurred by administrative, investigative and criminal proceedings.

Risks covered
The aim of D&O insurance is to provide financial protection for managers against the consequences of actual or alleged “wrongful acts”. There are different risks in different markets, but common risks include:
  • employment practices & HR issues
  • shareholder actions
  • reporting errors
  • inaccurate or inadequate disclosure (e.g. in company accounts)
  • misrepresentation in a prospectus (Prospectus liability [POSI])
  • decisions exceeding the authority granted to a company officer
  • failure to comply with regulations or laws e.g. General Data Protection Regulation (GDPR)
  • cyber risks
  • pension trust liability (PTL)
  • employment practices liability (EPLI)
  • criminal defence cost insurance
Allianz Global Corporate & Specialty understands that Commercial D&O is one of the most important insurance purchases for your business. Our D&O Insurance provides comprehensive and specifically tailored solutions for public and private businesses.
  • Small to large size companies with international subsidiaries
  • Across all Industries for both private and public companies
  • Primary and excess positions
  • Broad product offering including standalone PTL, EPL, POSI and  crime solutions
AGCS will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
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strong ratings
Network to service clients in 200+
countries and territories
Manager of 2,800+ global programs for international insurances
A tradition of excellence, 100+ years of technical expertise
Wide range of dedicated risk consulting services by our engineers
We field one of the strongest claims teams of any global insurer
92m customers globally – we insure over three quarters of the Fortune 500®
4,000+ employees in over 30 countries and 50 offices worldwide
Part of the Allianz Group, a leading financial services provider
ESG integrated into our underwriting via industry-leading rules and tools
Allianz Group is a founding member of UN Net-Zero Insurance Alliance

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The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.