Why all businesses require Directors and Officers insurance Directors and Officers liability insurance (D&O insurance) provides financial support and defence against potential investigations into the behaviour of your executives and the possibility of them being sued. Without such insurance, the company will be left to pick up the tab from their own resources. Or,…
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Tag Archives: D&O
Directors & Officers premiums on the rise
Directors and officers liability insurance rates will likely more than double for some sectors in the wake of the COVID-19 pandemic, as insurers respond to increased shareholder litigation over the past three years and future litigation over coronavirus-related exposures, according to a report by A.M. Best. The report rating agency noted that rates have already…
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UK bosses could face a wave of Coronavirus-related claims
UK bosses could face a wave of coronavirus – related Directors & Officers claims Administrators, managers, and directors of any company, regardless of its size or activities, shoulder significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual and…
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Time to direct yourself to D&O insurance?
Heading up a company is not easy. Directors are governed by a plethora of laws and regulations threatening financial exposure and personal sanctions should any breach occur. It may not even be a result of your personal negligence. You may just have been unaware what others under you control and jurisdiction were doing. Many people…
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