If you are a director or key manager of a business, D&O cover can protect you as an individual against alleged wrongful acts you have carried out whilst in your position.
Without cover, you face the risk of defending claims from the Health and Safety Executive, Office of Fair Trading, and even investors and shareholders of your business.
In your role as a Director or Officer of a business, you are bound to carry out specific duties, and have responsibilities and powers relating to your role. If you do not act in accordance with these terms of reference (or your job description), then you may be subject to civil, criminal or regulatory proceedings.
Having the right D&O cover in place allows the most talented senior people to come to your business and get on with their jobs, safe in the knowledge that if they do things properly, they will not be in a position of personal liability.
Risks are constantly evolving, particularly in the digital domain, where individuals could be held responsible for data breaches within a company. Speak to experts in D&O insurance at Bollington about protecting the directors and officers in your business.
Insurance is designed to protect you when you need it most. When disaster strikes and your business cannot operate at all, business interruption insurance is there to help get you back on your feet and help to pay the fixed costs you will still incur while you are unable to trade.
There are various circumstances where business interruption insurance can prove highly valuable. For example, business premises that you rent could be subject to a natural disaster or a fire, leaving you without premises to trade from. Yet you may still need to pay standard costs for rental of the premises and utilities, while
In such circumstances, business interruption cover can help you stay afloat, covering expenses for temporary relocation of your business and the fixed costs for rental and utilities, until your existing premises are rebuilt or made structurally safe once more.
You could also be covered for reasonable expenses to allow your business to continue trading, and even obtain help to cover your credit reputation if you have issues recovering debts from customers.
Policies are priced based on the level of risk your business represents.
Speak to Bollington about sensibly priced business interruption cover to give you peace of mind, whatever your circumstances.