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Carefully chosen, specially negotiated for IoD Members

Individual Cover

Costs vary dependent on the number of directorship companies for which cover is sought. There are various discount categories and the table below provides a summary of the premiums.

The premium Chubb charges for an Individual Director's Liability Policy depends on the number of director or officer positions for which you seek cover and on whether or not you qualify for a discounted rate (only one discount applies). The matrix below shows the monthly premiums and all rates are inclusive of insurance premium tax at the current rate. If all of the companies for which you arrange cover are domiciled in IPT exempt countries then these premiums will be reduced accordingly.

£1 Million Limit of Indemnity

Number of Directorship Companies for which cover is purchased IoD Member (25% discount) IoD Diploma Holder or Fellow of the IoD (30% discount) Chartered Director (35% discount) Non IoD member premium *
1 £37.19 £34.71 £32.23 £49.58
2 £55.78 £52.06 £48.35 £74.38
3 £74.38 £69.42 £64.46 £99.17
4 £92.97 £86.77 £80.58 £123.96
5 £111.57 £104.13 £96.69 £148.75
6 - 20 (Maximum) £130.16 £121.48 £112.81 £173.55

£2 Million Limit of Indemnity

Number of Directorship Companies for which cover is purchased IoD Member (25% discount) IoD Diploma Holder or Fellow of the IoD (30% discount) Chartered Director (35% discount) Non IoD member premium *
1 £59.66 £55.68 £51.70 £79.54
2 £89.87 £83.88 £77.89 £119.83
3 £119.31 £111.36 £103.41 £159.08
4 £148.75 £138.84 £128.92 £198.34
5 £178.97 £167.04 £155.11 £238.63
6 - 20 (Maximum) £208.41 £194.52 £180.62 £277.88

* If you become an IoD member once your policy has commenced then you will qualify for the appropriate discount immediately upon notifying Quantum.

Tax Position

The entire cost of your policy is an allowable P11d expense so you can instruct your accountant to claim tax relief on all premiums. We will even provide an annual premium summary for you to give to your accountant.

Apply for Individual Directors Liability Insurance

For a summary of the policy cover click here