Directors and officers Insurance

Small to medium-sized enterprises (SME) need directors’ and officers’ (D&O) cover. It’s not only large listed companies that need to worry.

The legislative changes that have been introduced of late should focus the minds of all SMEs. The spotlight on corporate liability means that all companies, including SMEs, are coming under increasing scrutiny and, as such, their liability exposures will increase.

Historically, SMEs have managed to get by without the need for this cover as there was a common misconception that they were not as likely to be sued as a listed company. For example, if it was a family firm with no external shareholders, the feeling was that they were not as vulnerable to litigation. This if course wasn’t the case but the perception, so many do not believe that they require the cover.

For extra protection please contact us at Primecover to discuss further.