Directors’ and Officers’: Time for expansion

With the modern ‘blame culture’, directors’ and officers’ cover should be an easy sell – so what is holding it back and how can this be overcome?

In theory at least, directors’ and officers’ liability cover should be considered an essential purchase by most small business owners. Directors and other personnel who make decisions on behalf of a business could face unlimited personal liability if they fall foul of their fiduciary duties and end up being pursued by consumers, suppliers, employees, fellow directors or the company itself.

The modern ‘blame culture’, wherein individuals rather than companies are seen as culpable for events