Directors and Officers without insurance are effectively risking their personal wealth, since the financial implications of a legal action can be disastrous. There is no limit on liability and legal costs, which are payable in addition, can sometime run into many hundreds of pounds.
Our policy covers the legal liability of the directors and officers for such matters as breach or trust, breach of duty, breach of contract, neglect, omission, misstatement, misleading statement, breach of warranty of authority and wrongful trading, committed in their capacities as directors or officers. |