Directors and Officers Insurance
Liability Insurance to protect controllers of businesses and organisations such as charities against their legal liabilities
Directors and Officers Insurance will cover the liability that a director of a firm or an officer e.g. of a charity may have in the execution of their duties.
As brokers we provide insurance quotes to cover Directors and Officers. A quote can be done online by using this link to our Directors and officers insurance quotation System - where you can obtain a quote and buy online if you are happy about the cover.
Why you may need this cover.
Here's just a few areas where claims could be made against you:
- Companies Act 2006 (hundreds of possible areas of non–compliance)
- Consumer protection, etc, etc.
- Corporate manslaughter
- Data Protection Act
- Disability Discrimination Act
- E.U. directives and regulations
- Former directors and non-executives
- Health and safety at work
- Insolvency Act
- Investigation expenses
- Mergers and acquisitions
- Pollution
- Racial, sexual and age discrimination
Just a small example of the laws currently in force. As for your liability - it is quite extensive
Directors have limited liability - NO THEY DO NOT!
I don't have a title director, so I can't be held liable - YES YOU CAN !
The company can indemnify us - NOT IF IT GOES BUST!
We are only a small company - THE SAME LAWS APPLY!
They cannot touch my personal assets - YES THEY CAN !
Quite an onerous duty! If, however, if you would like to find out more about costs and cover to protect your company's directors and officers from being sued you should arrange for this cover to be in place
You are now able as a director to be able to protect and insure yourself against any liability for negligence, default, breach of duty, and breach of trust, this can include insurance for criminal proceedings, that may be brought against you.
About Us
B. Portwood & Co Ltd are insurance brokers offering a wide range of business insurance products - such as directors and officers insurance - as well as personal types of insurance e.g. car or home or travel.
We were founded in 1963 and operate from 3 addresses in the North of England, Consett, Bishop Auckland and Gateshead. We are a family firm and believe that we should offer a service to all our clients. If you need any help for any insurance problem that may arise and are one of our customers then we will do our best to help you and take up matters with the insurer - if necessary. If you need any help please call us on 01388 607105 - or write to us at 145 Newgate Street, Bishop Auckland. DL14 7EN
We are authorised and regulated by the Financial Services Authority - this can be checked from their website.
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