Limited companies across the UK are being urged to consider the
legal implications that directors and officers have should anything
go wrong.
With the current society leaning towards a litigious society,
directors and officers of Limited companies are increasingly being
put into situations where they are being personally sued for
work-based and contractual disputes.
SME-focussed chartered insurance broker insure4biz.com is
encouraging all Limited companies to take out Directors' and
Officers' Liability cover to their personal liability should a
dispute arise.
Juliet Marke, Associate Director of insure4biz.com, commented:
"There are many examples of directors of companies who have had
proceedings issued on them following a work-based dispute, and have
ended up being personally-sued. Directors often do not realise the
personal implications that a work-based dispute can cause and they
need to be aware that they could be personally liable.
"Directors' and Officers' Liability cover gives the peace of
mind that the directors are protected should a legal dispute
regarding the company occur."
insure4biz.com has been launched to provide a competitive
solution for small and medium-sized businesses that want a modern,
speedy delivery of insurance advice and cover without compromising
on quality.