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Protect your leadership, secure your future
Safeguard your directors and preserve your company
Mitigate risk to ensure director peace of mind
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.
Covers the damage that may be awarded to claimants if you’re found liable.
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.
If an insured event requires investigation, we'll cover those costs, too.
Covers the damage that may be awarded to claimants if you’re found liable.
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.
If an insured event requires investigation, we'll cover those costs, too.
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.
Protection for legal costs in the event of criminal accusations.
Coverage if you’re facing legal action over pollution or contamination.
Support if extradition proceedings are brought against you.
Cover for expenses incurred with our consent to mitigate or reduce the negative effect on a director’s reputation following a claim.
Expenses incurred by a shareholder against a director for a wrongful act, by way of a shareholder derivative action, on behalf of the company.
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.
Protection for legal costs in the event of criminal accusations.
Coverage if you’re facing legal action over pollution or contamination.
Support if extradition proceedings are brought against you.
Cover for expenses incurred with our consent to mitigate or reduce the negative effect on a director’s reputation following a claim.
Expenses incurred by a shareholder against a director for a wrongful act, by way of a shareholder derivative action, on behalf of the company.
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.
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.
Reliable, budget-friendly cover designed to protect both you and your business.
Expert help through every step of the claims process for peace of mind.
Our Directors & Officers Insurance is trusted by business leaders across South Africa.
Protects against claims of negligence, errors, or omissions. Covers legal costs and compensation, safeguarding professionals like lawyers, accountants, and consultants from financial and reputational risks.
Protects businesses from financial losses if they cause injury or property damage to a third party. Ensures businesses are properly covered for unforeseen incidents, providing financial confidence and security.
Protects your business at every stage, from your office to your equipment, we offer insurance policies to meet your needs. We’ve got you covered for any sort of business with flexible business Insurance options.
Shields event organisers from financial losses due to unforeseen incidents. Covers third-party bodily injury, property damage, and other liabilities, giving you peace of mind while managing your events business.
Protects against claims of negligence, errors, or omissions. Covers legal costs and compensation, safeguarding professionals like lawyers, accountants, and consultants from financial and reputational risks.
Protects businesses from financial losses if they cause injury or property damage to a third party. Ensures businesses are properly covered for unforeseen incidents, providing financial confidence and security.
Protects your business at every stage, from your office to your equipment, we offer insurance policies to meet your needs. We’ve got you covered for any sort of business with flexible business Insurance options.
Shields event organisers from financial losses due to unforeseen incidents. Covers third-party bodily injury, property damage, and other liabilities, giving you peace of mind while managing your events business.
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 you first receive a demand, a civil or criminal proceeding starts, or an allegation in writing.
Yes, provided we have been notified and accepted them.
Budget is a licensed non-life Insurer and Financial Services Provider. Click here for Terms and Conditions.