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BRVD-BI-directors-and-officers-liability

If your business went into liquidation, and you were taken to court as the director, how would you survive financially?

 

How would you cover legal costs, any fines
imposed, or reparation?

What is Directors and Officers Liability?

Directors and Officers Liability covers the directors and officers of your business for any legal cases brought against them personally for the failings or oversights of their company.

 

Why do I need Directors and Officers Liability?

No matter the size your business or the industry you are involved in, you can be exposed to serious liability risks. The personal liability of a director or officer of a company is unlimited, unlike the company itself which is limited.  When a claim or allegation of wrongdoing arises, your personal assets are at risk. Directors are increasingly being held responsible for the management decisions made during every working day.

Recent high profile cases (mostly in relation to finance companies) have highlighted the importance of having the right cover in place, to protect yourself personally.

 

Take action

Get in touch.  We can recommend a specialist broker who can assess what policies you actually need and customise the best insurance package to protect your business.

Protect your future. Contact us.

The material contained on this website is provided for general information purposes only and does not constitute legal or other professional advice. Brave Day Limited does not accept any responsibility for any loss which may arise from reliance on information contained on this site.