Don't fall into the trap
John Taylor examines the increasing needs of small and medium-sized businesses for directors and officers' cover and looks at what the regional broker and the industry in general must do to adapt to meet these demands
A lot has been written lately about the growing need for directors of small and medium-sized enterprises (SMEs) to protect themselves with directors and officers' (D&O) liability insurance.
With 85% of directors of SMEs unprotected, it would be difficult to take issue with the general thrust of this argument.
Statistics can be used to prove almost anything and it is all too easy for insurers to fall into a trap where accusations of scare-mongering are levelled against them. However, despite the
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