Wrongful acts can encompass various areas, such as neglect, breach of duty or trust, misleading statements, and wrongful trading, among others.
Our comprehensive coverage can provide a safeguard for your senior staff, protecting them against claims made by regulators, shareholders, investors, or creditors stemming from such errors.
In the event of a claim against a director or officer, the company itself is seldom held accountable. Instead, the individuals themselves bear the brunt of financial and personal ramifications. By securing the appropriate coverage, your directors and officers can mitigate the risks they face. Without adequate protection, they may face dire consequences, including dismissal, disqualification from future roles, civil litigation, and even criminal prosecution, potentially resulting in substantial fines and imprisonment.