Directors & Officers' Liability insurance - JMG Townends York

More and more company directors are being sued personally for their actions on behalf of a company. Directors & Officers’ Liability Insurance gives you peace of mind and a helping hand in defending a claim.

As a company director, you can be sued personally as a result of your actions in the course of your role as a director or senior manager of a company. Although it is rare, this type of legal action is on the increase. Directors & Officers’ Liability Insurance is designed to protect you and provide funds for your legal defence, as well as damages awarded against you. Contact us to discuss your requirements or arrange a quotation.

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What is Directors & Officers’ Liability Insurance?

Directors & Officers’ Liability Insurance protects you in the event of personal litigation arising from your actions as a director or senior manager of a company. Many people mistakenly think that because they operate as a limited company, they can’t be sued personally for their actions on behalf of a company. Although litigation of this type is rare, it does happen and is on the increase.

Directors & Officers’ Liability Insurance protects you by covering your legal defence costs as well as damages awarded against you.

Why would someone sue a Company Director personally?

If someone feels they have suffered a financial loss due to the actions of your company, their first course of action would typically be to sue the company. However, the company may no longer exist or it may have successfully defended a claim. In either case, their legal representatives may try to pursue a director or former director of the company personally. If this happened to you, it could put your personal assets such as your home and savings at risk.

Do you need Directors & Officers’ Liability Insurance?

Ultimately, the decision as to whether or not to buy Directors & Officers’ Liability Insurance should be made by you. In recent years, cover has become available at affordable premiums, due to the increased demand as a result of the rise of personal litigation against company directors.

Why should you arrange Directors & Officers’ Liability Insurance with JMG Townends?

As part of the JM Glendinning Group – one of the UK’s Top-75 Insurance Brokers – we have very strong relationships with major insurers and can find Directors & Officers’ Liability Insurance for you at a competitive premium.

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If you have any questions or would like to know more about Directors & Officers’ Liability Insurance, call us on 01904 593439 or contact us through the website and we’ll be happy to help you.