In the hustle and bustle of running a busy moving and storage business, it's easy for managers to overlook the potential impact their decisions might have on their personal liability.
Unlike a limited company, directors cannot limit their liability, so their personal assets can be at risk. Regardless of your company’s size, the legal costs to defend proceedings and any compensation costs that arise from an unsuccessful defence can be considerable.
That's why businesses of all sizes should consider Directors' and Officers' Liability Insurance (D&O) as part of their cover.
D&O insurance safeguards senior employees for alleged wrongful acts, which can include accusations of mismanagement, allegations of misconduct, health and safety failures, and even a breach of duty of care.
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Global Claims Executive. Team manager and leader. Financial Lines specialist. Attorney. MBA. Strategist experienced in risk management, insurance, contracts, operations, governmental regulation and administration.
6moIt was a great conference. Informative panels and still time for connecting with others in the industry. Thank you!