Imagine this: after years of research and saving you decide to start your own business. Things are a little slow to begin with, but after a few months, it starts to take off. A couple of years later your business is incredibly successful, backed by a team of dedicated, hardworking employees. And then, someone makes
Imagine you have the opportunity to invest £100,000 for your company, with a 70% chance of providing a 20% return within five years. Do you decide to go for it? Now consider whether your decision would be different if you could be held personally liable for making the wrong decision; your home and other assets
Directors’ and Officers’ Insurance (D&O) protects a businesses’ senior staff against a number of insured wrongful acts. In the past, this has been a reliable means of protection for many business directors. However, the landscape of D&O cover is now changing. We take a look at why and what this could mean for your business.
“Isn’t directors & officers insurance only for those running publicly traded or very large businesses?” “I’m never going to be in the position where I could be sued by one of my employees or stakeholders.” “It’s just too expensive to consider on top of all of my company’s other insurance costs.” These are common misconceptions
Imagine you have the opportunity to invest £100,000 for your company, with a 70% chance of providing a 20% return within five years. Do you decide to go for it? Now consider whether your decision would be different if you could be held personally liable for making the wrong decision; your home and other assets
Directors and Officers Liability (D & O) insurance is a fundamental component of any company’s risk management programme. A lack of D & O insurance may dissuade talented individuals from seeking an executive position at your company, as they don’t want to put their personal assets at risk in the event of a legal action.
From 25th May 2018, UK businesses had to comply with the new EU General Data Protection Regulations. We explain how they could also affect your commercial insurance cover. By now you will be aware of the practical changes you had to make in advance of the new legislation, but your data processing practices are not the
In today’s business climate of corporate transparency and accountability, an organisation’s officers and directors face a myriad of employment-related exposures. Claims can come from many sources, employees, regulators, shareholders, creditors, customers, etc. Ever-changing regulations, increased employee awareness of employment rights as well as the rise of shareholder activism means directors are more frequently at risk,
Carillion, formerly the second-largest construction company in the United Kingdom, went into compulsory liquidation on 15 January. Unfortunately, this type of situation is not uncommon, as the number of companies that entered insolvency in 2017 rose by 4.2% to 17,243, according to the Insolvency Service. Regardless of the size of the organisation, insolvency has significant
CEOs confidence in potential growth both within the United Kingdom and abroad is high and has caused the attitude in UK boardrooms to be the most optimistic it’s been in 18 months, according to the FT-ICSA Boardroom Bellwether survey. However, this enthusiasm is not without its complications. In fact, there are several situations that UK
