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Directors &
Officers Insurance
Protect your leadership, secure your future
Safeguard your directors and preserve your company
Mitigate risk to ensure director peace of mind
4.22 /5 | 24116 Reviews
Protecting your leadership, protecting your future
As a company director or senior manager, the decisions you make come with real responsibility and real risk. The Companies Act imposes personal liability for breaches of fiduciary duty. This means a misstep could not only affect the business but also put your own assets, like your pension fund, on the line. With Budget Directors & Officers Insurance, you're protected against the risks that come with making tough calls in your role. We're here to help you focus on leading your business with confidence, knowing you're protected.
Why do you need Directors & Officers Insurance?
Accepting a director's position means taking on a fiduciary duty to act with utmost good faith toward your company and any business you conduct on its behalf. If a decision you make causes financial loss to the company or its stakeholders, you could be held personally liable to pay damages- a risk that can have serious financial consequences. Defending such claims can be costly, and without coverage, you could be risking your own financial security.
What does Directors & Officers Insurance cover?
Damages that may be awarded
Covers the damage that may be awarded to claimants if you’re found liable.
Defense costs
We cover the costs of defending covered claims against you, whether it’s an identity theft claim, a criminal case, or other legal proceedings linked to your business role.
Investigation costs
If an insured event requires investigation, we'll cover those costs, too.
Damages that may be awarded
Covers the damage that may be awarded to claimants if you’re found liable.
Defense costs
We cover the costs of defending covered claims against you, whether it’s an identity theft claim, a criminal case, or other legal proceedings linked to your business role.
Investigation costs
If an insured event requires investigation, we'll cover those costs, too.
Examples of defence and investigation costs we
cover include:
Identity theft claim defence
If someone pretends to be a director of your company and signs a third party into an agreement, we’ll help defend you if they try to hold your company responsible.
Criminal defence costs
Protection for legal costs in the event of criminal accusations.
Pollution and contamination defence costs
Coverage if you’re facing legal action over pollution or contamination.
Extradition proceedings defence costs
Support if extradition proceedings are brought against you.
Public relations costs
Cover for expenses incurred with our consent to mitigate or reduce the negative effect on a director’s reputation following a claim.
Shareholder derivative costs
Expenses incurred by a shareholder against a director for a wrongful act, by way of a shareholder derivative action, on behalf of the company.
Identity theft claim defence
If someone pretends to be a director of your company and signs a third party into an agreement, we’ll help defend you if they try to hold your company responsible.
Criminal defence costs
Protection for legal costs in the event of criminal accusations.
Pollution and contamination defence costs
Coverage if you’re facing legal action over pollution or contamination.
Extradition proceedings defence costs
Support if extradition proceedings are brought against you.
Public relations costs
Cover for expenses incurred with our consent to mitigate or reduce the negative effect on a director’s reputation following a claim.
Shareholder derivative costs
Expenses incurred by a shareholder against a director for a wrongful act, by way of a shareholder derivative action, on behalf of the company.
What's not covered?
Claims arising from deliberate, fraudulent, or criminal acts.
Claims linked to the company’s insolvency
Activities outside the specified territorial limits in the policy.
Claims not made under South African jurisdiction.
Claims associated with providing professional advice.
Claims arising from deliberate, fraudulent, or criminal acts.
Claims linked to the company’s insolvency
Activities outside the specified territorial limits in the policy.
Claims not made under South African jurisdiction.
Claims associated with providing professional advice.
Get a quote for Directors & Officers Insurance with Budget
Secure your business and your personal assets with affordable, comprehensive Directors & Officers Insurance. Get a quote today to protect yourself and your business with Budget Insurance.
Why choose Budget Insurance for Directors & Officers cover?
Affordable protection
Reliable, budget-friendly cover designed to protect both you and your business.
Specialist support
Expert help through every step of the claims process for peace of mind.
Trusted by professionals
Our Directors & Officers Insurance is trusted by business leaders across South Africa.
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Frequently Asked Questions
Are you covered for criminal acts?
No, we do not provide cover for criminal acts. If the criminality is alleged, we will defend you.However, if it is found that the director did act criminally, we will subrogate to recover the legal expenses.
When does the policy respond?
When you first receive a demand, a civil or criminal proceeding starts, or an allegation in writing.
Are subsidiaries covered?
Yes, provided we have been notified and accepted them.
Don’t delay, cover your business today
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