Directors liability insurance To compare
Protect your private assets as a director. You can be held personally liable for management errors. Also as a volunteer at a foundation or association. Your home and savings are at stake.
👔 Premium indication 2025
WBTR: Stricter Rules for Directors
Since July 1, 2021, the Management and Supervision of Legal Entities Act (WBTR). This law tightens the rules for directors and supervisors of associations, foundations, cooperatives and homeowners' associations.
The law makes it clearer what your duties and obligations are. But also: you can be held personally liable more quickly in the event of mismanagement, conflict of interest or serious negligence.
- ⚠️ Joint and several liability for all directors
- ⚠️ Your private assets can be used
- ⚠️ Volunteer drivers are also at risk
- ⚠️ The curator always investigates directors' liability
- ⚠️ Claims can come years after your term of office
For Which Legal Entities?
One policy for the entire board, including commissioners and supervisors.
BV / NV
Director, DGA, commissioner
founding
Board, supervisor
association
Chairman, treasurer, secretary
vve
VvE directors, audit committee
Cooperative
Cooperative management
Holding / Subsidiary
Directors of subsidiaries
Co-policymaker
Actual directors
Heirs / Partner
In case of death of driver
Protection against internal and external liability as a director.
Internal Liability
The legal entity itself holds you liable for damage caused by management errors. For example: wrong investment decision, too high costs, errors in financial management.
External Liability
Third parties hold you personally liable: creditors, tax authorities, bankruptcy trustee, suppliers, shareholders.
Defense costs / Legal costs
Lawyer's fees, court costs, legal assistance costs. Even if you ultimately turn out not to be liable.
Damages
The financial damage caused by your management error. Can amount to hundreds of thousands of euros.
Walk-in risk (Pre-risk)
Claims for errors made before the effective date of the insurance. Can often be insured.
Exit risk (After risk)
Claims that arise after termination of the insurance or after your resignation. Essential in the event of bankruptcy or merger.
Practical examples
Situations in which directors were held personally liable.
🏗️ Unreliable Contractor (HOA)
The VvE board chooses a contractor for renovation who disappears with a €175,000 down payment. The VvE members hold the board liable.
Claim: €175,000📊 Failed Takeover (BV)
Director prepares takeover without due diligence. Takeover does not go ahead, shareholders reclaim the costs.
Claim: €80,000🎪 Festival Flopt (Foundation)
Foundation organizes festival, visitor numbers are disappointing, foundation goes bankrupt. Trustee holds directors liable due to insufficient investigation.
Claim: €250,000📋 Overdue Annual Accounts (BV)
Director files annual accounts too late. In the event of bankruptcy, this is seen as manifestly improper management. Curator claims shortages.
Claim: €500,000+💸 Tax debts (BV)
Driver does not report inability to pay to the tax authorities in a timely manner. In the event of bankruptcy, the director becomes personally liable for tax debts.
Claim: €120,000⚽ Maintenance Deficiency (Association)
Sports club neglects maintenance of changing rooms. Member injured by collapsing ceiling. Board liable for negligence.
Claim: €60,000AVB vs BAV vs D&O
Three different insurance policies, three different risks.
⚠️ DOES NOT cover director's liability
Covers personal injury and property damage to third parties. For example: someone trips in your office. But: does not protect your private assets in the event of management errors.
⚠️ DOES NOT cover director's liability
Covers financial loss due to professional errors. For example: wrong advice. But: does not protect your private assets in the event of management errors.
✓ DOES protect your private assets
Covers financial loss due to management errors. Your house, savings and other private assets remain out of harm's way. The entire board is insured, including former directors.
How much does Director's Liability Insurance cost?
Indicative premiums 2025. Premium depends on size, type of legal entity and insured amount.
VvE / Small foundation
Insured amount €500,000
Association / Foundation
Insured amount €1,000,000
SME-BV / NV
Insured amount €1-2.5 million
Why Choose Us?
Private assets protected
Your house, savings and other assets remain unaffected by claims against you as a director.
Entire board insured
One policy for all directors, commissioners and supervisors. Also former directors.
Defense costs covered
Legal costs can amount to €60,000+. Lawyer's fees are fully insured.
Exit Included insured
Claims that arise after your resignation or bankruptcy. Essential for your protection.
WBTR compliant
Insurance tailored to the new WBTR rules for associations and foundations.
Fast Processing
We are available to assist you with legal expertise in the event of claims. Fast and professional.
100% Independent
We advise in your interest, not that of the insurer. Objective advice guaranteed.
50+ Years of Expertise
More than 50 years of experience in commercial liability insurance. Specialist in D&O.
Frequently Asked Questions
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