The Directors, Officers and Senior Employees of a company can be held personally liable for the decisions they make. Furthermore, this liability is unlimited, which means individuals cannot 'hide behind' the corporate body that employs them.
Directors’ and Officers’ liability insurance offers protection in respect of claims brought against you for actual or alleged breach of duty, neglect, errors or omissions and mis-statements. If you are accused of breaching your duties, actions can be brought against you personally, with potentially devastating consequences, which is why this insurance is so important especially for companies operating in the construction sector.
Claims can be made by an ever-widening source, including the Health & Safety Executive, employees, environmental groups, regulatory bodies, creditors, banks, shareholders, customers and suppliers.
Champion Construction Risks have been arranging Directors and Officers Insurance for companies in the construction sector for many years. Please contact us to discuss the level of liability cover you need to have in place to ensure you and your business are protected.
Did You Know?
By insuring through a Chartered Firm you will always have access to expert advice from a qualified Chartered Insurance Broker.
