Following on from our previous article on Directors & Officers Insurance, should you also consider adding Entity cover? You may not be aware that sometimes your company rather than you the Director can face an action, such as sex discrimination, harassment or an investigation into corporate manslaughter. In the case of a company being sued, D&O policies covering only the individual directors will not be much use. Your company may have to pay for it’s own defence, damages or settlements. This is particularly relevant as you the Director may have to meet this liability which may result in the cost coming out of your own personal assets.
Is this another unnecessary expense?
We find that extending the cover to include this element rarely increases the overall premium too significantly and it should certainly give you additional peace of mind.
Please contact us at info@huberdixon.com for further details.
0845 430 5430
0845 430 5430
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