You are at Risk

You are not protected by Limited Liability.

It is a common misconception that being a director or shareholder of a limited company in some way limits personal responsibility in some way. This is not the case and in fact a Directors' personal liabilities are unlimited.

Size does not matter.

You may feel that this is the realm of large corporate companies with lots of directors and multi-million pound turnovers.

Not so. The exposures for smaller companies are just the same - the law does not discriminate between small and large companies - and in some respects the risk can actually be higher because large firms can employ specialist staff to minimise their risk.

Government bodies such as the DTI, HSE, HMRC and SFO are increasing their focus on SME's and the number of investigations of companies in this sector is rising rapidly.

Some common quotes we hear from clients are:

• "Surely Directors have limited liability" - actually you don't and even if you are not called 'Director' you can still be personally liable

• "The company can indemnify you" - this is simply not allowed under government rules.

• "It's not relevant we are only a small company" - size does not matter.

• "No one can touch my personal assets" - yes your personal assets are very definitely at risk; just ask your Company lawyer!

Do not expose your personal assets and your family's security to risk. Get a quote today and make sure your life and your work are protected.