Delivering the goods.
D & O exposure is just one of the liabilities companies need to guard against in today's increasingly litigious society. Simon Threadgold says brokers should consider new menu-based liability contracts which allow the insured to pick and choose.
The Equitable Life Assurance Society, founded 1762, has hiredsolicitors with a view to suing its former directors for negligence. If
directors of a once venerable life office can be sued for errors of
judgement, then any director can lose his shirt. And with an economic
recession threatening more meltdowns, directors and officers of all
companies will increasingly have to answer for their mistakes.
D&O exposure is just one of the liabilities which companies need to guard
against. Insurers have
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