Directors & Officers Insurance
Do you and your fellow Directors and Officers understand
the three types of duty owed in order to run the business?
Fiduciary -
Observing good faith towards the company in your dealings and acting in its best interests
Skill and Care -
Using the degree of skill and care reasonably to be expected taking in to consideration your skills
and experience
Statutory -
Over 250 different Statutes concerning the duties of a Director. The Companies Act includes
over 200 provisions alone ! Other legislation includes the Insolvency Act 1986, Company
Directors Disqualification Act 1986, Health and Safety at Work Act 1974,
Financial Services and Markets Act 2000 and many others including EU regulations covering
issues such as environmental, consumer and employment protection.
Would you know what to do if an action was brought against YOU as an individual
in your personal capacity as Director or Officer from any one of these sources?
 Creditors |
Investors and potential investors |
|
| Employees |
Pressure Groups |
|
| Distributors |
Shareholders |
|
| Financial Institutions |
Vendors and Purchasers |
|
| Competitors |
Fellow Directors |
Would you know what to do if an investigation was brought against YOU as an individual
in your personal capacity as Director or Officer by any one of these Government Bodies?
| Inland Revenue |
Health and Safety Executive |
|
| Department of Trade and Industry |
Equal Opportunities Commission |
|
| Commission for Racial Equality |
Environment Agency |
If the answer is NO then you need to consider Directors and
Officers (D&O) Liability insurance protection.
A D&O policy will protect the Directors and Officers of a Company or Limited Liability
Partnership for their “Wrongful Acts” under these two headings:
i) Legal Defence Costs
ii) Awards (excluding fines and penalties)
From as little as £500 plus Premium Tax for a £250,000 Limit of Indemnity,
for your own peace of mind, can you afford not to be covered?
