Sizing it all up.
It is not only the larger companies which benefit from directors and officers cover. Brokers would do well to recognise its potential at the smaller end of the market, says Diane Smyth.
Popular in America but previously only bought by larger companies inthe UK, directors and officers insurance is now being taken up by UK small
to medium-sized enterprises. Chris Hill, D&O underwriter at Hiscox
Syndicate 33, estimates that 30% of SMEs have now have this kind of cover,
compared with none at all 10 years ago.
D&O insurance covers employees who can make decisions on behalf of the
company. It covers legal costs, expenses and damages if one of these
decisions is contested in court. It
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