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Individual D&O insurance for managing directors & decision-makers

  • customized protection for decision makers
  • get a non-binding quote in 9 minutes
  • purchase and manage 100 % online
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Customer satisfaction

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Our insurance partners

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Which damages are covered?

  • Financial losses for which managing directors are liable
  • Internal and external damage caused by management errors
  • Financial consequences of management errors
  • Damages due to missed deadlines by managers
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How much does this policy cost?

The directors and officers liability insurance is available

from 25.03 € / monthly

Would you like to know how much this insurance costs for you or your business? With just a few questions, we can calculate a tailored quote.
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Protected within 9 minutes!*

Step 1 – Answer a few questions about your business

Step 2 – Get a product recommendation and personalized quote

Step 3 – Purchase instantly and manage your policies 100 % online

*Depending on the selected insurance product, desired start date and our insurance partner

Responsibility and risks - D&O insurance for managing directors

Whether you are a managing director, board member, manager or start-up founder – every position with responsibility also entails certain risks. A tailor-made D&O insurance policy from insureQ effectively protects you and your private assets against claims for damages.

insureQ: D&O insurance made for you

D&O insurance (directors and officers liability insurance) is often also referred to as manager liability insurance. This quickly creates the impression that it is only relevant for the management level of large companies and corporations. Appearances are deceptive: In practice, D&O insurance can be an important supplement to insurance cover for all types of managers and decision-makers - regardless of whether they are supervisory board members, shareholders, senior executives, medium-sized companies or start-up founders.

100 % digital: your tailor-made directors and officers liability insurance

The actual risks associated with the individual positions can always look different. That's why we don't want to show you an endless comparison between various insurers, but rather put together the D&O insurance that perfectly suits you, your company and your actual risks.

At insureQ, you can find the right protection with just a few clicks: by answering a few simple questions about your industry and activity, our intelligent algorithm immediately puts together the right insurance offer to cover you against all eventualities at a fair price. From the configuration of the D&O cover to the conclusion of the insurance, you can conveniently complete all important steps online. Should you have any questions during this process, our D&O experts are always available to help you personally.

Our goal is to give you the easiest possible way to find the right, fair protection quickly and easily, even without any prior knowledge. Thanks to our flexible conditions, you only pay for the aspects of the D&O insurance that you actually need.

Tailor-made insurance insurance for decision-makers from insureQ - your advantages:

  • D&O insurance/directors and officers liability insurance for managers, decision-makers, etc.

  • individual protection - tailored exactly to your industry, plans and risks

  • 100% digital: take out your D&O insurance in just a few minutes

  • personal advice from our D&O experts on request

  • immediate price calculation thanks to insureQ algorithm

  • "All-Risk"-model automatically insures all typical loss events

  • convenient online processing of contract adjustments & claims notifications

  • R+V as insurance carrier and experienced partner

In addition to D&O insurance, insureQ is also your partner for all other commercial insurance policies. With us, you receive your protection conveniently from a single source and have a contact person available for all important insurance topics. We advise you online and, if you wish, personally on the phone.

D&O and directors and officers liability: All you need to know about the insurance

Even though you do not need to have any previous insurance knowledge at insureQ, it is important for us that you have a precise overview of what D&O insurance is, in which situations it is relevant and what costs you should plan for. In the following, we would like to clarify the most important questions around the topic of directors and officers liability.

Meaning: What is D&O insurance?

No matter what kind of officer, manager or decision-maker you are - mistakes can always be part of the job. The problem: In the German legal codes (e.g. § 43 GmbHG) there is the so-called "manager liability". Managing (controlling) directors of a company can be held liable for their own mistakes - and mistakes made by their employees - to an unlimited extent with their entire private assets.

D&O or directors and officers liability insurance protects you and your private assets if claims for damages should arise due to such mistakes. It helps both in the defence against civil claims and in possible compensation payments in the event of a court judgement - regardless of whether the claims come from another party or from your own company.

Who needs D&O insurance?

Terms such as "manager liability insurance" and "directors and officers liability" for D&O insurance can easily be misleading. While these occupational groups are among the positions in which such insurance is particularly important; at the same time, increased coverage can also secure one's livelihood in many other positions:

  • executive bodies (e.g. board of directors, managing directors, managers, start-up founders),

  • controlling bodies (e.g. supervisory board, advisory board, administrative board),

  • executive employees,

  • data protection officers,

  • authorised signatories,

  • interim managers,

  • and many more.

D&O insurance vs. pecuniary damage liability: What is the difference?

While pecuniary damage liability insurance usually covers all employees of a company, D&O insurance is a special variant tailored precisely to "manager requirements". In addition to a higher coverage amount, this also includes extended protection for possible claims and risks (e.g. faulty investments) that increasingly affect directors, managers and other responsible persons.

What makes insureQ's D&O insurance so special?

  • Waiver of the right to terminate In the event of a claim or insolvency, our insurance partner waives the right of cancellation. And that without increasing the premium.

  • Insurance of damage regardless of its cause The set of conditions contains only one exclusion - this makes the protection as clear and comprehensible as possible.

  • Double insured sum The selected sum insured is doubled: it can therefore be used to defend against claims for damages and in the same amount for legal costs.

  • Unknown errors from the past Management errors that occurred in the run-up to the conclusion of the contract but were not yet known at the time of signing are also insured.

  • Free choice of lawyer You can freely choose your lawyer in the event of a claim - without the right of veto by the insurance company.

  • Unlimited and unexpired extension of the registration period You can report breaches of duty at any time after the end of the contract without paying an additional premium.

What makes insureQ's D&O insurance so special?

**Waiver of the right to terminate In the event of a claim or insolvency, our insurance partner waives the right of cancellation. And that without increasing the premium.

**Insurance of damage regardless of its cause The set of conditions contains only one exclusion - this makes the protection as clear and comprehensible as possible.

**Double insured sum The selected sum insured is doubled: it can therefore be used to defend against claims for damages and in the same amount for legal costs.

**Unknown errors from the past
Management errors that occurred in the run-up to the conclusion of the contract but were not yet known at the time of signing are also insured.

**Free choice of lawyer You can freely choose your lawyer in the event of a claim - without the right of veto by the insurance company.

**Unlimited and unexpired extension of the registration period You can report breaches of duty at any time after the end of the contract without paying an additional premium.

What risks does a D&O insurance policy cover?

As a decision-maker, you are exposed to risks every day. Of course, "director's damages" can look very different. A good, comprehensive D&O insurance policy covers you for all eventualities associated with your work. It is important to distinguish between internal and external liability.

There is a simple reason why we will only give you a few examples of both categories of D&O insurance in the following: on the one hand, the different risks of various management and director positions simply cannot be summarised, as they are always highly dependent on the respective industry and the actual activity.

Secondly, many D&O insurances - and also our individual insurance from insureQ - are so-called "all-risk" insurances. This means that the insured activity does not have to be explicitly named, but is automatically included in the insurance if it falls within the typical professional duties of a branch. Different rules only apply if an activity is expressly excluded from insurance cover.

Damage examples of a D&O insurance - internal liability

In most cases, incorrect decisions first affect the company in which they are made. The task of a D&O insurance is therefore, on the one hand, to cover the responsible persons internally in the following cases of damage, for example:

  • incorrect contract offers / miscalculations

  • claims for damages by investors

  • wrong personnel decisions

  • payment defaults in the case of sales on credit

Claims made under a D&O insurance policy - external liability

The counterpart is external liability. These occur when third parties or external parties (e.g. other companies, customers, creditors, service providers) make claims for damages. Here, too, the possible cases of damage are, of course, highly dependent on the respective industry. Possible examples include:

  • violations of competition or trademark rights

  • claims by the tax authorities

  • inadequate information to creditors

  • late filing for insolvency

As a rule, the external liability of D&O insurance also applies outside Germany in other EU countries and can be extended to cover countries outside the EU. Exceptions are the "common law" countries, which include Hong Kong and Australia in addition to the USA and Canada.

What are the costs of D&O insurance?

No matter how much experience you have and how cautiously you approach important decisions, mistakes and misjudgements can never be 100 % ruled out. Trusting in your own abilities and trying to save on the costs of D&O insurance is therefore rarely the right way to go.

Even if the amount of the premiums cannot be generalised across the different sectors and always depends heavily on the sum insured, there is one important point that applies equally to all policyholders of a directors' liability insurance: the premiums always only account for a fraction of the costs that even a single uninsured claim can cause. With a view to unlimited liability with one's own private assets, cost savings should therefore never be the first priority.

With insureQ, you receive a personalised offer online within a few minutes, which immediately shows you what the costs would be for your customised D&O insurance. You can simply enter the most important key data of your industry, let our algorithm calculate the price immediately and, if you wish, conclude the insurance 100 % digitally.

Costs of a D&O insurance: What coverage amount do I need?

Similar to the claims, it is difficult to generalise about the necessary coverage amount. Depending on the position and the industry, the insured cases can result in very different damages - and accordingly also claims in very different amounts.

The amount of money and transactions you deal with on a regular basis can give you an initial orientation, and the total turnover of the company will also give you an indication of what minimum sum insured makes sense. Your advantage with insureQ: We know your industry and therefore also adapt the coverage amount of your individual D&O insurance to the risks. In addition, our partner insurance company R+V doubles your sum insured. This means you are covered for the same amount for the defence against claims for damages and possible legal costs.

D&O insurance for companies vs. personal directors liability - what is the difference?

The classic D&O insurance is taken out by a company or an organisation (e.g. non-profit organisations) for the responsible bodies. The premiums are therefore paid by the company or organisation. This measure is often mainly for self-protection, as the private assets of the insured responsible persons are rarely sufficient to cover the costs in the event of a claim.

As an alternative, however, directors, managers and other responsible persons also have the option of taking out a personal D&O insurance policy on their own. This option can be a sensible step if your company does not want to take out a D&O insurance policy for you, if you want to insure higher coverage amounts or if you hold several positions in different companies at the same time. With a personal D&O insurance policy, you have to pay the premiums yourself - but at the same time you are independent of your employer.

    List of contents

  • Responsibility and risks - D&O insurance for managing directors
  • insureQ: D&O insurance made for you
  • D&O and directors and officers liability: All you need to know about the insurance
  • Meaning: What is D&O insurance?
  • What makes insureQ's D&O insurance so special?
  • What risks does a D&O insurance policy cover?
  • What are the costs of D&O insurance?
  • D&O insurance for companies vs. personal directors liability - what is the difference?