Extra protection to cover you when your company can't.
$300 + fees and charges
Extra protection to cover you when your company can't.
$500 + fees and charges
- Wrongful Acts: If someone sues you personally for things like mismanagement, breach of duty, misleading conduct, negligence, or defamation.
- Defence Costs: We pay your legal bills as they happen (not after the case is over), provided no dishonesty is proven
- Regulatory Investigations: If you're asked to attend an ASIC, ACCC, or other formal investigation, we pay for your legal representation (even if you’re not accused of wrongdoing).
- Insolvency-Related Investigations: If the company goes under and you’re dragged into it, we’ll cover your defence (after 12 months of continuous cover).
- OH&S & Industrial Manslaughter Defence: If you're held personally accountable for a workplace incident, including a fatality, we cover your legal defence.
- Personal Tax Audit Cover: Covers up to $20,000 in accountant or tax agent fees if you’re personally audited by the ATO.
- Mitigation Costs: If you need to act quickly to stop an issue from becoming a formal claim, we’ll cover up to $100,000 to help mitigate the risk.
- Free Legal Advice: up to 2 hours of legal consultation per year with one of our panel lawyers (for covered matters)
- Fraud or Criminal Acts: No cover for dishonest, fraudulent, or malicious behaviour, unless you’re found innocent.
- Claims or investigations already known: If you were already aware of a claim, complaint, or investigation before the policy started (and didn’t tell us), it won’t be covered.
- Claims related to publicly listed companies: If you're a director of a public company or involved in public share offerings or capital raising, you are not eligible.
- Professional services: No cover for professional advice or services unless it’s in your role as a director or officer.
- Personal injury or property damage: This is not a liability or workers’ compensation policy.
- Family-related claims: No cover if the claim is brought by your spouse, children, or their trusts/entities.
- Abuse or harassment claims: Claims involving abuse, neglect, harassment, or bullying are excluded, except for limited cover for emotional distress due to wrongful dismissal or discrimination.
- If your company earns less than 25% of its revenue from restricted activity (such as selling tobacco), you may still be eligible. Get in touch to confirm.
Industry/Activity
Exclusion
For clarity, this Exclusion only applies to directorships or officer roles with companies involved in the industries/activities listed below. All other board or officer positions you hold remain covered under this Policy.
The following is added as an Exclusion to section 6.1 ‘General Exclusions’ of the Policy: arising from or in any way involving the Insured being a Director or Officer of a Company that:
A. undertakes one or more the following activities:
- Aquaculture, forestry or logging
- Mineral, gas or petroleum mining, extraction, exploration or processing
- Production or distribution of tobacco or recreational cannabis
- Basic or hazardous chemical product manufacturing
- Aircraft manufacturing
- Electricity, gas or water supply, generation or distribution
- Waste collection, treatment, remediation or drainage services
- Building, construction or engineering, other than when such services are limited to:
(a) operating as a tradesperson, excluding operating as a builder or as a manufacturer, importer, supplier, processer or installer of engineered stone products; and
(b) professional architectural or engineering design or consulting services (no construction)
- Property development
- Sale of tobacco or recreational cannabis, unless such activities account for less than 25% of the Company’s annual revenue in both:
(a) the current financial year to date as at the inception of the Period of Insurance; and
(b) the most recent full financial year prior to the inception of the Period of Insurance
- Passenger or freight transport or transport support services
- Broadcasting (except internet broadcasting)
- Banking, finance, insurance or investment services, other than when such activities are limited to:
(a) managing a self-managed super fund;
(b) actuarial services; and
(c) claims adjustment or assessment services
- Credit reporting or debt collection
- Franchising
- Heavy machinery or scaffolding rental or hiring services
- Legal services
- Public administration including local, state or federal government administration
- Defence, public order, emergency, safety or regulatory services, including but not limited to security and correctional and detention centre services
- Biomedical or biotechnology activities
- Sports administration
- Horse and dog racing activities
- Amusement park operation
- Gambling activities
- Casino operation
- Adult entertainment, including but not limited to brothel keeping and prostitution services
- Foster care or child protection services
- Religious services
- Student residence or youth hostel operation
and/or
B. is one or more of the following:
- A local, state or federal government body or agency
- A political organisation
- A labour association or trade union
- A sporting club
- A private household employing staff
Not all heroes wear capes. And not all Directors wear a suit.
When thinking about a company director, you might imagine a big corporation, a boardroom, a flashy title. You might not picture yourself.
Whether you’re running a small family business or just ‘working on the tools’, if your name is on the ASIC register, the law sees you as a director – with all the responsibilities and liabilities that come with it.
And if something goes wrong – a tax audit, a regulatory investigation, a WHS breach, insolvency – your personal assets are on the line.
You don’t need to feel like a director to be one. You just need to be insured like one.
Still not sure?
I’ve never had an issue before; I don’t need this.
No one ever sees it coming, but regulatory actions, insolvency issues, or third-party claims often come years after the decision was made.
We have good legal advice; our risk is low.
Strong governance helps, but it doesn’t stop regulators, liquidators, or the ATO from investigating.
If something happens, I’ll deal with it then.
Unfortunately, that’s too late. Insurance only works before the problem hits. You can’t buy a policy after you’ve been names.
I have a broker that handles my business insurance.
This isn’t business insurance. It’s personal protection designed to sit alongside whatever your company or broker already has in place.
Doesn’t my personal umbrella or home insurance cover this?
No – personal liability or home cover doesn’t extend to actions as a Director or Officer. This would be considered a commercial risk and is excluded.
My accountant/lawyer said I probably don’t need it.
Most accountants and lawyers aren’t thinking about your personal D&O exposure. It’s not their speciality as they focus on the business.
If the company goes broke, I’ll just walk away.
As a Director, personal liability survives insolvency. Regulators, creditors, and the ATO can chase you years later. Especially if the company is broke.
I don’t make the big decisions, that’s the CEO/Founder’s problem
If you’re name is on the board, you’re exposed. Regulators don’t care who was loudest in the room, they care whose name is on the ASIC register.
I’m not a Director, so this doesn’t apply to me.
Actually yes, it does. Even as an Officer, if you’re making significant decisions, handling finances, or influencing the company’s direction, you’re personally liable under the law.
It seems too cheap. Is it worth anything?
Our smart pricing is designed to be lean and focused, not bloated like corporate D&O policies covering ten layers of bureaucracy.
I’m just a small business/sole trader. This is for big companies, not me.
If you’re incorporated, you’re a Director. ASIC doesn’t care if you’re running a café or a construction company or sit in a big corner office. Your personal risk is the same.
The risk seems low, why insure for something that might never happen?
This is exactly what the insurance is for, the kind of risk that is rare but ruinous.