Directors &
Officers Insurance

checkbox 1Protect your leadership, secure your future

checkbox 2Safeguard your directors and preserve your company

checkbox 3Mitigate risk to ensure director peace of mind

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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.

Examples of defence and investigation costs we
cover include:

What's not covered?

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.

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

Budget is a licensed non-life Insurer and Financial Services Provider. Click here for Terms and Conditions.