If you’re a company director, board member, trustee (even for a family trust or an Association), sit on a committee for a charity/non-profit you could be personally liable for the decisions you make. And with increasing legal scrutiny across all sectors, that’s a risk exposure too big to ignore.

That’s where Directors and Officers (D&O), Association or Trustees Liability Insurance comes in. It’s designed to protect individuals in governance roles from personal financial loss if someone alleges they’ve made a mistake or acted improperly in their role.

What Is D&O / Trustees Liability Insurance?

This type of cover protects individuals from claims made against them in their capacity as directors, officers, or trustees. If someone alleges you’ve breached your duty, made a poor decision, or failed to act, and this has caused damages or loss, you could be held personally responsible.

D&O insurance helps cover:

• Legal defence costs and representation to professional bodies
  
• Settlements or compensation
  
• Claims made by employees, shareholders, creditors, regulators, or beneficiaries
  

Without this cover, you may have to defend yourself and fund any payouts personally.

It’s Not Just Big Corporates at Risk

Traditionally, D&O cover was something you’d associate with large, publicly listed companies. But today:

• SMEs, not-for-profits, sports associations and family trusts are increasingly facing legal claims
  
• Governance expectations have risen across all sectors with greater levels of accountability
  
• Stakeholders are more willing to challenge decisions in court
  
• Regulators are tightening compliance requirements with greater penalties being handed down
  

If your business has directors or your trust has trustees — you need to consider this cover.

Why Businesses, Associations & their Officers Should Take Notice

If you own a business, or help run a company or an association you may think the business structure or the association that you work/volunteer for protects you — but that’s only true to a point. If you’re found personally liable, your own assets could be at risk.

Common claims against directors include:

• Misleading statements to investors or customers
  
• Breach of employment law (e.g. unfair dismissal)
  
• Failure to comply with health and safety or privacy legislation
  
• Poor financial oversight or mismanagement
• Lack of action in key areas of exposure such as cyber protection
  

Even if the claim has no merit, defending it can be expensive — and D&O cover helps with those costs.

Real Life Case Study: When Trustees Are Held Accountable

A real-world example highlights just how easily things can go wrong:

An accountant and a lawyer were trustees of a family trust. The trust deed stated the capital should be distributed when the youngest son turned 30, unless all beneficiaries agreed to delay.

The settlor verbally confirmed the sons were happy to leave the funds in the trust due to ongoing investments. But later, one son, dealing with marital issues, demanded his share. When the trustees didn’t comply, he filed a formal claim, alleging they had breached their duty. By then, the trust’s value had dropped in the market.

The resulting claim: $160,000, settled for $130,000, with legal fees covered by Trustees Liability Insurance. Without it, the trustees could have faced massive personal financial exposure.

Who Needs This Type of Cover?

You should seriously consider D&O or Trustees Liability Cover if you:

• Own or direct a business, even a small one
  
• Sit on a board or committee for a charity or not-for-profit
  
• Act as a trustee for a family trust, investment trust, or super fund
  
• Want to attract independent or professional directors/trustees to your organisation.

Let’s Make Sure You’re Protected

At The HTL Group, we help business owners, board members, and trustees assess their risk and get the right cover in place. Whether you’re overseeing a family trust or helping run a growing enterprise, we can help protect what matters most — your peace of mind and your personal finances.

Contact us today to book a free review and check your protection is fit for purpose.

Whether you're a homeowner planning your dream kitchen reno or a tradie pricing up your next build, there’s one important question to ask before the tools come out:

Have you got a Contract Works policy in place?

Most people don’t realise that standard house or business insurance often won’t cover construction-related damage - and if something goes wrong during the build, the financial fallout can be huge.

That’s why Contract Works Insurance exists. It’s designed to protect builders and property owners during the construction phase, whether it's a major renovation, a new build, or even just structural work that temporarily exposes your home.

What Is Contract Works Insurance?

Contract Works Insurance covers accidental damage to a building project while it’s under construction and during the maintenance period. It can protect against things like:

• Fire
• Theft of materials
• Storm or flood damage
• Vandalism
• Accidental resultant damage to existing structures

Without it, you could be left footing the bill — even if someone else was at fault.

For Homeowners: Renovating? You Might Need This

If you're doing anything more than minor cosmetic work (like replacing carpet or painting), it’s worth checking whether Contract Works Cover is needed, especially as your existing home insurance policy may not respond to damages cause by the renovations. This is especially important if:

• You’re knocking out walls, extending your home, or building a new structure
• Your renovation affects the roof, plumbing, or electrics
• Your bank or mortgage lender requires evidence of cover
• You’re hiring builders or tradespeople to do the work
• The renovations require a consent and/or will cost over $25,000

Tip: If your project is small, talk to your insurer - they’ll let you know whether it can be covered under your existing policy or if a separate Contract Works policy is required.

For Builders & Tradies: Covering All Your Projects

If you’re working on renovations or small builds throughout the year, you can either:

• Take out one-off Contract Works Cover for each job
• Or, streamline the process with an annual policy that covers all qualifying projects

The key is to understand your responsibilities, especially if you’re subcontracting or working under someone else’s project management. In many cases, it’s your job to make sure insurance is in place.

And because Contract Works is a complex policy with lots of moving parts (project value, timeline, responsibilities, materials), it’s important to get expert help when setting it up.

Peace of Mind for Everyone Involved

Contract Works Cover isn’t just a box-ticking exercise - it protects everyone involved in a build:

• Homeowners avoid costly delays and repair bills
• Builders stay compliant and reduce liability
• Insurers get clear visibility over risks and responsibilities

Not Sure What You Need?

We’ll help you figure it out. At The HTL Group, we can:

• Review your project or building plans
• Talk to your bank or insurer if needed
• Set up the right policy (whether it’s one-off or annual)
• Make sure you understand the paperwork

Contact us today to discuss your project and get the right protection in place before you start.

At The HTL Group, we’re here to make sure you have the right coverage, explain your options clearly, and support you when you need it most. Here are five reasons why comprehensive insurance is essential for every new business in 2025.

1. Safeguard against financial loss

An unexpected event, whether it’s an accident, theft, or natural disaster, can quickly derail your business. If you have business assets under finance, do you know your insurance obligations? What happens if your income stops but you still have staff wages to pay? Having the right cover ensures that financial setbacks don’t put your business at risk.

2. Protect your business from liability risks

Even the most careful businesses can face liability claims. From damaging a customer’s property to an error in professional advice, liability risks are everywhere. Do you need public liability, professional indemnity, or a combination of both? Understanding your liability exposure, and having the right cover, ensures that legal fees, reparations, and settlements don’t fall squarely on your shoulders.

3. Cybersecurity threats are on the rise

New businesses are increasingly becoming targets for cyber threats. Viruses, malware, and data breaches can not only compromise your own systems but also expose sensitive client information, potentially leading to Privacy Act violations. With cybercrime becoming more sophisticated, cyber insurance helps cover the financial impact of a data breach and assists in getting your systems back up and running.

4. Ensure business continuity and peace of mind

Could your business survive if your work van was in an accident and took six weeks to repair? What about if your plant, tools, or equipment were damaged beyond repair - are they covered for full replacement? Comprehensive cover including business interruption ensures that if an insured event disrupts your operations, you have the financial support to keep things moving.

5. It’s more affordable than you think

Insurance premiums have been on the rise, and this trend is unlikely to change. However, there are ways to manage costs and limit the impact on your cash flow. By structuring a policy that suits your business activities and risk level, you can secure comprehensive protection without unnecessary expense.

Why Choose HTL Group?

Understanding insurance isn’t your job - it’s ours. We’re here to:

• Explain the difference between policies so you can make informed decisions.
• Assess your specific needs and ensure you carry the correct endorsements and extensions
• Support you in developing a business continuity plan that integrates with your insurance.
• Advocate on your behalf when lodging a claim, liaising with insurers, assessors and legal teams.