Whether you’re going skiing, protecting your home and valuables, or even your business, in all walks of life, having some form of insurance makes for good common sense. This is particularly crucial for company directors, as they face a myriad of liabilities that aren’t always clear cut when leading their businesses.
Here we highlight eight commonly held misconceptions about director liability insurance, and why it’s more vital than you may think to arrange adequate protection.
Even decisions made with the best intentions can be scrutinised – and defending a case of director misconduct can be extremely costly and time-consuming. Quantum provides advice and market-leading directors’ liability insurance policies, underwritten by Chubb Insurance. IoD members are eligible for discounts of up to 35% on premiums.
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