NZI Directors  & Officers insurance

NZI’s Directors & Officers policy insures directors and officers (and provides   reimbursement to the company, to the extent that it is lawfully permitted to indemnify them under the company’s constitution), for liability and defence costs in respect of wrongful acts committed while performing their duties for the company. 

The policy includes:

• damages that a court orders any director or officer to pay, or negotiated settlements, for wrongful acts
• company reimbursement
• legal costs and expenses of defending claims
• current outside directorships for non profit organisations
• employment claims for claims brought against the directors or officers
• estate and legal representatives
• insured v insured
• joint ventures
• new subsidiaries
• official investigation
• old outside directorships – run off cover
• old subsidiaries – ‘run off’ cover
• preservation of indemnity
• prospectus liability
• spousal liability
• witness expenses

Optional cover is also available for:

• automatic reinstatement of the aggregate limit
• current outside directorships (other than non profit organisations)
• employment practices liability for claims your staff could take against the company entity (e.g. discrimination, unfair dismissal or workplace harassment)
• mergers and consolidations ‘run off’ cover

Directors & Officers Policy Wording

For more information on any of our products, call your broker.


Policy Disclaimer
The documents available on this website represent our standard policy wordings. 
These standard wordings may be varied when they are issued. Any variance will be unique for each customer based on their individual circumstances.  The wordings on in this site can be withdrawn, substituted or varied at any time without prior notice.