As a company director or senior executive, you could be held personally liable for your company's actions.
You could be sued and subject to compensation claims, damaging lawsuits and prosecutions. Even if you weren't directly involved in a decision, or you are not being paid for your role, you could be sued, putting your personal assets at risk.
The purpose of Directors & Officers liability insurance is to provide cover for legal costs and, if appropriate, settlement & compensation.
Areas of risk for Directors & Officers
- You could be personally sued and held responsible for a many reasons, including:
- Health and safety
- Human Resource Issues
- Data protection
- Maintaining satisfactory accounts
- Involuntary Manslaughter
- Environmental issues
Areas of Directors & Officers Insurance Cover
Directors & Officers insurance can provide cover for losses resulting from wrongful acts including:
- Damages, judgments, settlements
- Errors and omissions
- Legal representation expenses
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