Directors & Officers
Recent changes in the law and the rise in compensation culture has dramatically increased the personal risk for directors and officers of UK companies.
They can now be held personally responsible for their actions and decisions on a range of issues, including health and safety, data protection, accounts, fraud and negligence - putting their own assets at risk if tested in the courts. (It is well worth noting that in cases where individual liability is sought and proven, an Employers' Liability policy will not provide any cover to protect personal assets).
A D&O policy will cover both the legal costs and damages associated with the defence of a wrongful act or breach of duty committed by directors.
It will reimburse both the individual and the company itself for the financial implications of having inadvertently acted outside their terms of reference.
Call the commercial insurances team now for a quote on 01606 35203 or email mikealmond@pmihealthgroup.co.uk |
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We have been impressed with PMI’s understanding of our company requirements for D&O protection and with their flexibility in negotiating specific policy adjustments for us. They have been very proactive in getting both the cover and the price right. 
