Directors & Officers Liability Insurance

Statutory Exposures (Typical)

• Health & Safety at work act
• Data Protection Act
• Transparency Obligations
• Companies Act 2006 (hundreds of possible offences)
• Racial and Sexual Discrimination
• Ageism and Disability Discrimination
• Insolvency Act (wrongful trading)
• E.U. Directives and Regulations
• Consumer Protection

Taking into account the exposures highlighted, a Director has to be mindful of all these when considering the following circumstances which quite often give rise to claims or legal proceedings

Circumstances

- Sale of Assets/Divestments
- Acquisitions/Investments
- Poor performance
- Share Issues/Change of share ownership
- Expansion Plans or Rationalisation
- Liquidation
- Failure to supervise
- Adverse publicity
- Dishonesty of fellow directors
- Safety and emergency regulations