Directors & Officers Liability Insurance
Statutory Exposures (Typical)
- Health & Safety at work act
- (GDPR) General Data Protection Regulation
- Transparency Obligations
- Companies Act 2006 (hundreds of possible offences)
- Racial and Sexual Discrimination
- Ageism and Disability Discrimination
- Insolvency Act (wrongful trading)
- E.U. Directives and Regulations
- Consumer Protection
- Employment Practices
Taking into account the exposures highlighted, a Director has to be mindful of all these when considering the following circumstances which quite often give rise to claims or legal proceedings
Circumstances
- Sale of Assets/Divestments
- Acquisitions/Investments
- Poor performance
- Share Issues/Change of share ownership
- Expansion Plans or Rationalisation
- Liquidation
- Failure to supervise
- Adverse publicity
- Dishonesty of fellow directors
- Safety and emergency regulations
- Breaking company Act and GDPR regulations