With over 25 years in the commercial and business insurance market bpw Insurance has the knowledge, experience, and connections to deliver the most comprehensive cover whatever business you are in. Our clients range from individual tradesmen to large companies.
In today’s increasingly litigious society anyone who is a director or who holds a significant position of authority in a company, charity or any institution run by a board (including clubs and resident’s associations) is at risk of having a claim made against them. It is also important to realise that directors of limited companies do not have limited personal liability – their personal assets could also be at risk.
If a director or officer is accused of committing a wrongful act, such as neglect or breach of duty/trust, they may also have to meet any losses arising out of any litigation, such as any legal costs or actual damages awarded.
Claims can arise under the following areas:
If a claim does arise that the company cannot or will not meet, the director/ officer would have to use their personal resources to defend themselves.
Directors and Officers cover provides indemnity in respect of these costs. This means that the company and the individual are no longer at risk of having to meet such costs.
Cover can be extended to include:
If you would like more information on Directors & Officers insurance call us now on 01633 213116 to speak to a member of our commercial insurance team.
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Insurance Broker Newport Gwent