The personal liability of a Director and/or Officer of a Company is unlimited, whereas a Company’s liability is limited by shares or by guarantee. When a claim or allegation of wrongdoing arises, a Director’s personal assets are at risk, and it is a common misconception that a Director can expect his or her company to provide indemnity. It is therefore essential a limited company effect a policy to provide financial support for defence costs for investigations, costs involved in appearing in court and legal costs to fight various forms of allegations, involving any of the Directors.
D&O insurance – covers the cost of compensation claims made against business directors and key managers (officers) for alleged wrongful acts.
Wrongful acts include breach of trust, breach of duty, neglect, error, misleading statements, wrongful trading. Directors’ and officers’ liability covers claims are made by regulators ie investigations by the Health and Safety Executive (HSE) or the Office of Fair Trading shareholders or investors eg for failure to act in the company’s best interest.
Our Directors & Officers policies are tailor made to meet your requirements. They provide a wide range of optional sections and allows you to choose the right cover for your needs. Policies are underwritten by the UK’s leading insurers which we believe provide excellent service and value for money.
Do you need to protect?
By choosing H&H Insurance Brokers to arrange your insurance we want you to know that you will receive the following levels of service:
H&H Insurance Brokers now trading for 30 years across Cumbria, remain truly independent and offer a personal service (no call centres) and bespoke insurance cover at a competitive price – whatever the business size.
Recent news stories of computers being hacked and companies being held to ransom, as well as being offline, have all added to the existing concerns about on line fraud and cloning via the internet.