Directors and Officers

Over the last 10 years, this type of policy has become more and more significant. It should without a doubt now form part of every businesses insurance portfolio. It will cover the cost of compensation claims made against your company’s directors and key managers (officers) for alleged wrongful acts.

 

Wrongful acts include:

 

  • Breach of Trust
  • Error
  • Breach of Duty
  • Misleading Statements
  • Neglect
  • Wrongful Trading

More recent legislation also means that changes in the corporate manslaughter rules bring directors and officers of a firm into question when Health and Safety executive (HSE) are involved.

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