Scaling the heights

Directors' and officers' insurance is traditionally seen as a luxury cover for larger companies but small to medium-sized companies are just as likely to be hit by the raft of new legislation and cultural changes. Jim Gaskin and Chris Hewitt explain

Company directors have always had responsibilities, as compliance with common and statute laws, and a variety of court rulings have created many areas of accountability.

However, recent corporate scandals have raised major questions globally among governments, regulators and the media as to the performance and activities of company directors. This has been compounded by the increasingly litigious nature of society as well as the downturn in economic conditions, which has led to a greater number