Protecting your interests
Large companies usually buy directors and officers (D&O) cover but SMEs often do not. Dave Woolard provides brokers with everything they need to convince them to do so
Directors need D&O insurance, no matter what sized company they work for. It's for this reason we have come up with the top ten reasons small to medium sized enterprises (SME) may not buy D&O cover when perhaps they should.
1. Disqualifications
Disqualified directors do not have to be dishonest, just negligent, and this is the fate of more than 1,500 directors a year. Defending an application for disqualification can take many months, cost a lot of money and be a very stressful period indeed -
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