Is someone really likely to sue me personally for the actions of my company?
Legal action against company directors does happen as a result of their business activity, and Directors and Officers Liability Insurance has been used to protect them against such action. These claims are rare, because the obvious first port of call is to pursue the company to recover the losses. However, if that proves unsuccessful, the owners, directors or senior managers of the business can be next in line.
Many people mistakenly think that working for a Limited Company gives them complete protection from personal legal action, but the reality is that claims do happen against directors. Although these claims are very rare, there is potential for the claims to be very severe. If a claim against you is successful, all of your assets are potentially at risk – even your home and savings.
Why should I deal with JM Glendinning for Directors & Officers Liability Insurance?
For such a potentially complex product, you want to be dealing with a name you can trust. We have been in business since 1972 to provide local, personal service and help you when you need it most – in the event of a claim. If you need to make a claim under your Directors and Officers Liability Insurance policy, we will help you every step of the way and manage all communications with insurers on your behalf.