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Every
director, senior company executive and manager is a potential
target for litigation, whether from shareholders, bankers,
creditors, employees, customers, regulators or liquidators.
Directors and officers without insurance are effectively risking
their personal wealth, since the financial implications of a
legal action can be disastrous.You can now join the
growing number of professionals that benefit from our long term
relationship with the insurers and expertise in this litigious
field.Coverage for the following perils:
Wrongful termination of employment or discrimination in the work
place,
Mismanagement or poor financial performance alleged by
shareholders or venture capitalists
Offences under Data Protection Act, Companies Acts, Insolvency
Act and over 300 additional statutes/directives,
Disputes over mergers, acquisitions and disposals
Public statements, including allegations of libel and slander
Acting beyond authority or contrary to the companies Memorandum
and Articles of Association Failure
to implement Health & Safety. Often directors can not rely on receiving financial assistance
from their company in the event of them being sued in their
capacity as a director. This is because the company may not be
permitted either legally or by its Articles of Association to
indemnify directors.
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