Director and officer insurance for RTM properties

Taking on a directorship of any company comes with many responsibilities. For directors of Right to Manage Properties this is often unpaid work that can leave the director exposed to financial risk. It is therefore very important that directors and officers insurance is in place to reduce the risk if things go wrong. Read further

Corporate manslaughter update

Although these are difficult times for many businesses, cutting back on health and safety expenditure is certainly not recommended.  According to a recent article in The Telegraph, the number of corporate manslaughter cases opened by the Crown Prosecution Service jumped by 40% last year as prosecutors stepped up their use of recent legislation. Read further

Insurers see an increase in demand for Solicitor Management Liability insurance

As part of the Solicitors Regulatory Authority’s recent introduction of outcome-focused regulation, all Solicitor firms who are recognised and licensed bodies must nominate a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA), who will start to fulfil their responsibilities in late 2012. Read further

Management Liability. How do insurers calculate the premium for directors and officers insurance?

>> Download a PDF version here Read further

Read more...

Directors’ and Officers’ Liability Insurance……..Simply Explained

As a director your responsibilities come from a series of statutory, financial and common law duties to ensure that you act in the company’s best interest. If it is alleged that you are negligent in your capacity as director, you may be held personally liable and your personal wealth could be at risk. Read further