D&O Liability Insurance
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SNCF Directors & Officers (D&O) Liability Insurance

Co-operatives with good practices in governance and armed with a D&O liability insurance plan, will stand a better chance to attract and retain good leaders and staff. For the benefit of its affiliates, SNCF has collaborated with Howden Insurance Broker to develop a SNCF Directors & Officers (D&O) Liability Insurance program.

For more information on the D&O liability policy, please download the scheme:

Who are covered under the Policy

The policy covers the past, present and future directors or officers, volunteers, committee members and employees.

What are covered under the Policy

Directors and Officers (D&O) Liability Insurance provides financial protection for the management committee members of the co-operative in the event they are sued personally in connection with the performance of their duties in the managing of the co-operative.

Any allegation made by a third party, no matter how frivolous, needs to be vigorously defended by the committee members or otherwise there is a risk of judgement being entered in default of a defence.

The policy covers the legal costs incurred to attend investigations and to defend cases of breach of fiduciary duty, defamation, employment related matters and other error allegedly committed in their capacity as the management of the co-operative. Compensation, including court-awarded damages and private settlement, are also covered.

Premium rates

Under the program, the annual premium rates are based on total gross asset size and selected policy limit. Premium rates start from S$1,900 for non-credit co-operatives, and from S$3,400 for credit co-operatives. The premium rates table may be subject to change annually.


The SNCF D&O Liability Insurance program is open to all affiliates of SNCF.

To join the program, please complete the respective proposal form and submit to Howden Insurance at This email address is being protected from spambots. You need JavaScript enabled to view it.

For credit co-operatives, click the following:

For non-credit co-operatives, click the following:


If you need further clarifications, please contact Ms Chua Qi Min at 6510 3714.

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