When a company is accused of failing to provide an adequate duty of care, individual directors, officers and managers stand to be personally liable under a variety of different acts and regulations. However, directors' and officers' protection is available to ensure that if a claim is brought against business owners, they will have access to legal representation and their personal assets will not be at risk.
This article highlights why SMEs need to be informed of the benefits of D&O insurance and how brokers can play a key role in educating clients.
• Broker opportunities.
• Client knowledge.
• Evolving products.