Individual directors and other persons employed who fall within the scope of Companies Act legislation have a personal responsibility for the results of committing "wrongful acts". The onus on company directors has increased significantly, and since 2007 can now be held accountable for corporate manslaughter and corporate homicide.
Employers' liability, public liability and professional indemnity policies specifically exclude such cover.
The law makes the individual responsible which means personal assets are at stake.
These assets can be protected by a Directors & Officers Liability Policy which can be paid for by the company and as you would expect, we can offer insurance premiums starting at around £300.00, which is a small price to pay to protect the assets you have worked so hard for.
We can provide bespoke quotations which are suitable for your business, combined with competitive rates, and affordable payment options. Every customer receives a dedicated account manager backed up by a knowledgeable support team, to offer advice whenever you need it.