Directors’ liability insurance (D&O)
As a company director or manager in Belgium — even of your own small business — you carry legal responsibilities. If a third party, a shareholder or even the government holds you personally liable for a management error, you could face serious financial consequences. That’s why the Directors & Officers (D&O) Liability Insurance is crucial.
What is the Directors & Officers Liability Insurance?
D&O insurance protects directors, managers, and company officers against personal liability for damages caused by decisions made in the course of their management duties. It covers legal costs, settlements, and awarded damages — even if the company itself is not at fault.
Who needs it?
This insurance is essential for:
• Company directors and managers (including founders and freelancers with their own BV)
• Board members of both private and non-profit organisations
• Startups and growing companies with external investors or partners
Even in small businesses, directors can be held personally liable for mistakes — for example mismanagement, conflict of interest, bankruptcy missteps or violating legal obligations.
What does it cover?
• Claims of mismanagement or wrongful decisions
• Breach of fiduciary duty
• Failure to comply with legal or regulatory obligations
• Legal defense costs
• Personal financial protection for directors
Why is it important?
Without a D&O Insurance, your personal assets — including savings, property or even your home — could be at risk. A claim doesn’t have to be justified to create stress and high legal fees. D&O cover offers peace of mind and protects your future.
Is it expensive?
Premiums vary depending on your company’s size, structure and industry. But for most small businesses and freelancers with a management role, the cost is reasonable — especially when you consider what’s at stake.
Feel free to contact us for a free, no-obligation quote tailored to your profession.