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When Are Company Directors Personally Liable?

Directors and Officers Insurance (also known as Directors Liability Insurance, D&O Insurance or even Management Liability Insurance) provides an indemnity to directors and senior officers for failure to act according to the best interests of the company, for breach of companies rules and regulations, and indeed any other alleged wrongful act. Taking the right Directors …

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DMI Ltd Case Highlights Requirement For Directors & Officers Insurance

In a case before the North Tyneside magistrates court on 21st September, DMI (UK) Ltd were found guilty of breaching section 2(1) of the Health and Safety at Work Act 1974 for failing to provide a safe system of work. The case related to serious burns suffered by their employee, Michael Reid, who was drenched with …

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Insurance Cover For Directors And Officers

With a high-ranking, decision-making position within a company also comes a great deal of responsibility, as well as some degree of risk. This is why directors and officers need to be doubly certain that they are covered in the case of legal disputes and investigations over negligence, fraud or other wrongful behaviour, especially as the …

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Why Directors and Officers Cover Is Essential For Mergers Acquisitions and Insolvency

It’s no surprise in the current economic climate that there is a flurry of mergers, acquisitions and insolvencies. As the recession shows no signs of disappearing any time soon, it is worthwhile re-iterating the fact that where these events occur, directors and officers of the companies concerned face potential exposure to claims for alleged breach …

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