---
title: "Directors’ and Officers’ Liabilities: Are You Covered If Things Go Wrong?"
description: Company directors & officers can face financial and legal liabilities as part of their company duties. D&O cover can help you manage those risks.
---

[Imalia Blog ](https://www.imalia.com.au/our-voice)

# [Directors’ and Officers’ Liabilities: Are You Covered If Things Go Wrong?](https://www.imalia.com.au/our-voice/directors-and-officers-liabilities-are-you-covered-if-things-go-wrong)

 Written by [Carole-Anne Priest](https://www.imalia.com.au/our-voice/author/carole-anne-priest) | 24-May-2017 01:34:35

**If you hold a position as a Director or Officer within a company, you are legally responsible for managing the company’s business activities.**

When that company is responsibly managed in line with the legal obligations outlined in the [Corporations Act](https://www.legislation.gov.au/Series/C2004A00818), then directors and officers are not personally liable if the company subsequently has financial or regulatory issues. However, if the company has not been responsibly managed and large debts accrue which lead to financial difficulty, the Directors and Officers may be liable, legally and financially, for the debts incurred.

[View full post](https://www.imalia.com.au/our-voice/directors-and-officers-liabilities-are-you-covered-if-things-go-wrong)

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