Company Directors can be held personally liable for a variety of events that fall outside of their control. The Companies Act 1985 lists over 200 offences alone, and that is only scratching the surface. Add in the Health & Safety at Work Act, EU Directives and ever increasing consumer protection legislation and it's easy to see why the potential for litigation against Directors has never been higher.
Directors & Officers insurance gives Directors comprehensive protection against the costs of defending litigation and any damages that may ensue from the actions against them. Having the right insurance in place can sometimes mean the difference between a business being able to continue trading or not.
