Directors’ and Officers’: We need to talk

SMEs need to be informed of the benefits of directors' and officers' insurance and that conversation must be initiated by brokers

When a company is accused of failing to provide an adequate duty of care, individual directors, officers and managers stand to be personally liable under a variety of different acts and regulations.

For example, if the directors of a manufacturing company employed a waste disposal contractor to dispose of old oil and, contrary to expectations, the contractor dumped the oil in a field and then became untraceable, the Environment Agency could bring criminal proceedings against the directors