Under current legislation a Director or Officer of a company can be held personally liable for their actions.
Directors & Officers Liability insurance helps protect the individual and the long-term stability of the Company against the high cost of litigation.
Reasons to purchase D&O insurance:
Insurance cover is available to protect Directors and Officers, and the company against claims from other parties such as shareholders, financial institutions, clients, suppliers and employees alleging wrongful acts or failure to carry out their duties as Directors or Officers per se with reasonible skill and care.
If you need to discuss your Directors & Officers insurance requirements then please email enquiries@rmci.co.uk or contact us on 0870 7574 870.