liccardy, I am not a lawyer and have run with the D&O matter after others suggested it. Personally I would have thought a "professional indemnity" claim may have been the way to go...
If the D&O option was taken and the company officers were found wanting, I assume that the D&O cover allows them to escape unscathed personally and have the insurer pick up the tab.
Can anyone (a lawyer) confirm this to be true?