Updated: Mar 11, 2019
Being a director, partner or officer of a company brings with it certain responsibilities – to employees, members of the public, investors and regulators. It also, however, exposes the individuals holding the positions of director, partner or officer to personal liability for the actions or omissions they make in the performance of their company duties. This means that they can personally be the subject of claims which could lead to the payment of fines, compensation or imprisonment.
As a director, you’re automatically exposed to unlimited personal liability. If you or your firm is accused of financial mismanagement, breaching company law, health and safety failure, or employment-related wrongdoing, you’ll need to make sure that you have a
comprehensive Director’s and Officer’s policy.
This invaluable cover can pay your legal bills and also provide compensation to the aggrieved party. In a nutshell, It is a policy that can provide protection for you, your company and your personal assets.
Due to the market relationships we have, PGP Insurance Brokers Ltd are well positioned to advise you on the best product for you and your Directors and Officers. If you’d like to know more call us on 0151 236 7838 or email email@example.com and we’ll be happy to offer some free advice.