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Directors and Officers Liability

With the benefits of becoming a Director or Officer within a business, there is also the burden of carrying out your duties in the best interests of the business whilst navigating the ever changing legal environment to the satisfaction of all stakeholders. These pressures exist from employees, shareholders, regulators and other entities such as the HSE.

As a Director or Officer any allegations or legal action against you cannot be ignored and investigations are often very time consuming, complicated and costly. The costs of defence fall to you personally if you do not have Directors and Officers Liability (D&O) cover in place.

Such coverage can extend to defence costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against Directors and Officers simultaneously.

D&O can be combined with Entity defence cover which covers the liabilities of the corporation itself for the same array of exposures.

Directors and Officers liability Insurance is liability insurance payable to the Directors and Officers of a company, or to the organisation itself, as indemnification (reimbursement) for losses or advancement of defence costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as Directors and Officers.

D&O claims can be made by most stakeholders, whether they be fellow Directors or ex Directors, suppliers, lenders, regulators, employees or their families or even from mergers and acquisitions. D&O cover allows you the peace of mind to know that should you need it, the policy will provide the necessary funding to allow you to defend your case accordingly.

Have you considered all the professional risks to your business?

Employment Practices Liability

Today employees are more litigious than ever. In a world of no-win no-fee legal representation, employment tribunal cases are now in the hundreds of thousands each year. And that’s just the cases that make it to a tribunal instead of being settled out of court.

Cases are getting more expensive as award caps increase annually, and there is no cap at all in discrimination cases. On top of any awards there are defence costs of course, including the employee’s costs if the company loses.

Developing legislation means that there’s a broad range of potential actions to defend, including:

  • wrongful dismissal or termination
  • harassment or discrimination on the basis of sex, race or religion
  • employment-related libel, slander or defamation
  • invasion of privacy
  • wrongful failure to employ or promote and retaliation (where the employee believes that raising a complaint has led to their employer discriminating against them).

Even unfounded allegations can take time, energy and money to defend.

Employment Practices Liability insurance is a means to protect the company and its management by meeting damages, judgements, settlements and defence costs for many employment practice violations.

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