Directors’ & Officers’ Liability
Directors and Officers of all companies today can be held personally liable for the actions and decisions they take on behalf of their companies under the vast range of legal requirements which they face. Each director and officer of a company is a separate person in the eyes of the law to the company itself. As separate legal entities, the law makes them jointly liable, as well as separately. Having the right kind and level of insurance protection is more important today than it has ever been in the past with the introduction of the Corporate Manslaughter and Corporate Homicide Act of 2007
For more guidance visit http://www.hse.gov.uk/corpmanslaughter/faqs.htm
Insurance cover can be arranged to suit your particular company functions and circumstances to ensure you have the most suitable and cost-effective insurance protection. Current law does not distinguish between company directors and officers who are ‘executive’ or ‘non-executive’ and European Union legislation applies further responsibilities.
Directors' and Officers' Insurance will cover you for:
- Breach of Duty
- Management Responsibilities
- Misleading statements including omissions
- Breach of warranty of authority
- Other actions taken by directors and officers
For advice on this crucial area of company insurance, please call one of our D&O insurance advisers who will be happy to run through your options.