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High Net Worth News – The policy has been revamped to keep it well ahead of other players in the market
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| Directors and officers liability insurance |
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As any business owner will be aware, company directors and professionals are increasingly being held responsible for their actions. A steady increase in UK and EU Legislation has given employees and consumers greater rights than ever before. There is now a significant burden on companies to ensure that they treat their staff, customers and shareholders with the utmost fairness and it’s not just the company that could be at risk. Company directors who fail to act in accordance with their duties may be liable to individual prosecution. With the cost of legal representation also on the rise, any director in the unfortunate position of responding to a claim can expect to be faced with a hefty legal bill. This can lead to serious financial difficulties for the individual concerned, and the company is often unable to assist. Fortunately, Pace Ward Ltd can help. Directors & Officers Liability insurance can cover the cost of legal action, protecting your business and its key staff. For further advice or to arrange cover, please contact us today. |