What is directors' and officers' liability?
Directors and officers of a company or non-profit organisation can be held liable if they fail to perform their duties properly and loss or damage occurs as a consequence.
Directors’ & Officers’ Liability Insurance protects directors against financial claims arising from errors or mistakes they make: we will pay compensation and also the defence costs.
Who's covered?
Directors’ & Officers’ Liability Insurance protects all the directors of your company or non-profit organisation.
You take out the insurance to cover all past, present and future directors. That way, you protect each director automatically and don't have to list them all separately in the policy.
What are the main exclusions?
- Deliberate loss or damage
- Fines and penalties
- Harm already covered by other insurance policies, such as property damage and bodily injury
The complete list of exclusions is available in the general conditions.
Your premium
The premium you pay depends on a number of factors, including:
- Your financial situation
- Size
- Type of business
- Claims history
Full protection for your business operations
More things you need to know
- Belgian law applies to this policy.
The insurance cover is valid for a term of one year and is tacitly renewed unless you cancel it no later than three months before the main renewal date.
For policies taken out or tacitly renewed on or after 1 October 2024, you have up to two months before the main renewal date to cancel them.- Your intermediary is your first point of contact for any complaints you may have. If no agreement can be reached, you can contact KBC Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 016 43 25 94 (free number) or + 32 78 15 20 45 (pay number), fax + 32 16 86 30 38. If this does not result in an appropriate solution, you can contact the Insurance Ombudsman for the entire industry at de Meeûssquare 35, 1000 Brussels, info@ombudsman.as, www.ombudsman.as.
- This does not affect your right to initiate court action.
This policy forms part of the KBC Commercial Policy Liability Insurance. KBC Commercial Policy Liability Insurance is a product of KBC Insurance NV, Professor Roger Van Overstraetenplein 2, 3000 Leuven, Belgium – VAT BE 0403.552.563 – RPR Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB. Company licensed by the National Bank of Belgium, de Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979). Member of the KBC Group.