Why do you need Directors and Officers Liability Insurance?
Directors and Officers in any company have duties and obligations, for which they are personally responsible. Such liability can be incurred, not only as a result of their own activities, but also from the activities of fellow directors.
When indemnifying a director, a company may incur liabilities that have a severe impact on its bottom line. A Directors' & Officers' Liability policy will address the concerns and liabilities of both the director, and the company when indemnifying the director.
Here are just a few areas where claims could be made against you:
• Companies Act 2006 (hundreds of possible areas of non–compliance)
• Health & Safety at Work
• Corporate Manslaughter
• Former directors and non-executives
• Mergers and Acquisitions
• Data Protection Act
• Disability Discrimination Act
• Racial, Sexual and Age Discrimination
more...
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