D&O insurance provides a pool of money for the Directors and Officers of a company to draw upon to pay for necessary legal representations should they be subject to investigation. It can also cover settlement sums following negotiation concluding in an out of court resolution.
Director Protection is a product uniquely developed by a&b insurance brokers and is the first website in the UK to offer immediate cover. It also gives you 2 insurance options depending on your exact requirements:
1. You may be a director of one, two or even three companies and merely want personal protection for the exposures you alone face, in which case our individual risks cover is ideal and cost-effective for you.
2. Alternatively, if you are a one of a number of Directors, Shareholders, Managers, Supervisors or Officers in a Company and want to insure everyone including the Company as an entity (which is prudent), then our Corporate risks cover is more cost-effective and probably more suited to your needs.
For those of you thinking 'I don't make mistakes, so what do I need cover for' - well, where do we start? As we have said at great length, you are not only personally liable for your own actions, but worryingly for those of your employees and fellow Directors. Are you 100% confident they will never make a mistake in their job?
Why should companies purchase D&O cover?
Directors' personal liabilities are unlimited and they are personally exposed to lawsuits, investigations and criminal prosecutions everyday.
When a director needs representation, to have access to a pool of insurance funds will ensure the very best legal defence team can be employed. The number of government bodies that can now investigate any company is increasing.
Remember, its quick, its not expensive and it could keep you out of prison.
Go now to GET A QUOTE & BUY NOW.