This insurance is for limited companies with one or more directors. It provides protection for the decision makers in a company against claims which allege a dereliction of duty in running and managing the property and the business. With constant changes in legislation and currently over 200 ways of breaching the laws and directives concerning directors and officers, this is a must-have protection for most companies.
What Are The Risks?
Claims can come from tenants, leaseholders, employees, investigations by government or regulatory bodies, shareholders, financial institutions and creditors. Claims against the business itself (the corporate entity) can leave the directors of small to medium privately owned companies particularly vulnerable.
Essential Cover for Individuals And Companies
Insurers can cover the company as well as the individual with policies that also include damages and legal defence costs. This cover often carries inexpensive premiums.
Excellent e-mail back up keeping me updated. Overall your Claims Customer Service was excellent and to be highly recommended!
Excellent service as always
I realise that my recent claim was probably very small in the grand scheme of things. Nevertheless, I'm really surprised at the speed with which this has been settled