Are directors facing increased risk?
A recent poll on the online business network Ecademy, revealed that over 85% of directors perceived that the risks involved in being a director are significantly more than they were 5 years ago. Changes to the Company Act and in legislation relating to Corporate Manslaughter are just some examples of the increased risks that are being faced by director and officers.
The misconception that a director can just simply fold a limited liability company and walk away without any personal liabilities is slowly fading away and prudent directors and senior management are now looking at directors and officers insurance to protect their personal assets, including their homes and pension funds.
To find out more about directors and officers liability insurance, contact Tony Gibbs on 0118 9165480