What we offer
As a specialist broker for financial services, we understand how the the operating environment is becoming ever more complex and that managers are increasingly exposed to making errors. Whether that is from adhering to compliance regulations, dealing with the FCA or keeping up with best practices for corporate governance and risk management.
No matter how diligent, any manager’s decision can result in losses for the company or a third party, and the directors and officers who made the decision can be held personally liable for those losses and the cost of any resultant investigations.
Directors' & Officers' Liability (D&O) insurance protects managers from claims which may arise from the decisions and actions taken within the scope of their regular duties. It pays for defence costs and financial losses, as well as providing cover for costs arising from administrative and criminal proceedings or in the course of investigations by the regulator or criminal prosecutors.
A D&O policy not only covers the personal liability of company directors and officers as individuals, but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them.
Why you should try us
- Financial services and management liability specialists
- Experienced in both Financial Services and Commercial D&O
- Clients include publicly traded companies, including those on the Alternative Investment Market
- Able to offer Entity & Employment Practices Liability extensions
- Portfolio company due diligence service
- Fast response and turnaround times
- Access to a wide range of insurers including Lloyd's
Key related services
- Corporate Directors' & Officers' Liability
- Talk to Nathan - helping AIM listed and other publicly traded companies navigate a challenging renewal
- Exclusive Financial Institutions Insurance Scheme
- FCA Authorised Entities
- Private Equity & Venture Capital
- Professional Indemnity
- Cyber Risks
- Employment Practices Liability
What our clients say
After speaking to a number of potential providers, we chose Protean to arrange our PI cover because we were impressed by their understanding of the unique characteristics of the specific niche market that we operate in and their ability to source bespoke cover at a competitive cost. I have no hesitation in recommending their services.
We engaged Protean to provide the full range of insurance for Crowdcube. As a rapidly growing business, we needed a specialist broker that can provide the depth of expertise, whilst retaining a personal service and having been personally introduced to Protean, we are delighted that they have met all of our expectations and we would happily recommend them.
...Protean really understand the insurance needs of small growth businesses in the tech space and they were very quick and responsive sourcing cover for us at a competitive rate.
Protean Risk was incredibly helpful and understood our business immediately. Most importantly they got us a deal we were very happy with in a really short space of time. In summary Great people to work with!
We needed to put in place our first policies after raising financing. We found Protean to be efficient, appropriate and very helpful. We will use them next time!
Protean Risk was the one name that kept coming up when we asked our trusted partners who we should approach for our PI and D&O cover. As a niche financial services business we wanted to find advisers that had deep expertise in the sector. We found Protean Risk were able to quickly understand our requirements and deliver a series of competitive quotes. They kept us well informed throughout the process and were very responsive to any queries. We would not hesitate in recommending Protean Risk to others.
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