Director Liability Insurance

Being sued is stressful, time consuming and expensive — three good reasons for settling quickly Directors liability insurance provides cover for the legal costs of defending a case along with the financial cost of any compensation awarded against a director.

Accidents, mistakes and misunderstandings can happen in any business. Sometimes these grow into full-blown disputes, and before you know it, you are facing a legal claim. Directors liability insurance relieves you of the stress brought on by the legal costs of defending a claim which can run into £1000,s of pounds.

Directors face litigation from employees, share holders and even competitors. In a recent example, a clothing retailer now faces lawsuits by shareholders alleging that the company failed to prevent a hacker from obtaining details of millions of cardholders and it has already reportedly agreed to a multi-million pound settlement to banks for the same situation.

Directors liability insurance can be compared and purchased quickly online to protecting your personal assets should the worst happen.