Director liability insurance in Singapore, also known as directors & officers (D&O) insurance, is a vital form of protection that shields company directors, officers, and senior executives from personal financial losses arising from lawsuits related to their management decisions. This includes allegations of negligence, mismanagement, breach of duty, or other wrongful acts committed during their service.
Legal claims can come from shareholders, employees, regulators, or third parties. Without adequate director & officer insurance, your leadership team could face significant financial exposure. This insurance provides coverage for defence costs, settlements, and judgments, ensuring that personal assets remain protected.
Why Do You Need Directors & Officers Insurance in Singapore?
With Singapore’s complex regulatory environment, business leaders are increasingly exposed to litigation risks. Even with the best intentions, decisions can be scrutinised and challenged in court.
You need D&O insurance in Singapore if your business:
- Is a Small or Medium Enterprise (SME)
- Operates as a public or private limited company
- Has a board of directors or executive officers
- Expands into overseas markets
- Is a non-profit organization
Whether you’re a startup founder or part of a large enterprise, director liability insurance in Singapore is essential for protecting those at the helm of your company. At AWG Insurance, we provide you with a trusted
insurance agent in Singapore
who is ready to assist you in securing the right insurance.
Key Features of Our D&O Insurance Policy
Our D&O insurance solutions offer comprehensive benefits tailored to local and global businesses:
- Worldwide Coverage – Ensures protection regardless of where a claim is filed.
- Broad Definition of Insured Person – Extends to current, former, and future directors/officers.
- Extended Reporting Period – Allows late claims to be reported even after policy expiration.
- Expanded Definition of Loss – Covers settlements, judgments, and legal fees.
- Advancement of Defence Costs – Covers legal expenses as they arise
- Final Adjudication Clause – Excludes only proven intentional wrongdoing.
- Independent Legal Defence Rights – Choose your own legal counsel.
- No Forced Settlement Clause – You’re not obligated to accept unfair settlement terms.
These features are crafted to ensure peace of mind for your leadership team, no matter the business scenario.
What’s Not Covered?
While directors & officers insurance provides strong protection, it’s important to understand its limits. Typical exclusions include:
- Deliberate or fraudulent acts proven in court
- Criminal misconduct
- Known claims or circumstances before the policy began
For more comprehensive protection, you may also consider professional indemnity insurance in Singapore ideal for service professionals and consultants.
💡 Not sure what you need? Our team can guide you end-to-end.
