Any business or individual who provides a professional service or gives advice to their clients should seriously consider:-

PROFESSIONAL INDEMNITY INSURANCE.

Even if you are not governed or contractually obliged to carry PII, you should seriously consider what protection it could bring.

At DRC we pride ourselves on offering the correct be-spoke policy to our clients to protect them in this current litigious environment.

Our independence allows us to always offer the best policy when placing cover for our clients.

Always be sure that we strive to offer the highest standard of personal service.

Directors & Officers Liability Insurance is protection for companies’ directors, senior management and officers. This policy will protect these individuals from claims arising from their decisions and actions taken in their day to day business activities.

All Directors & Officers should act with “a duty of care and skill”. The requirements of a Director & Officer is “ to act with the care an ordinary man would take in the same circumstances on his own behalf”. He or she “should also have a particular knowledge and experience” to hold the position.

Many Acts that have passed through the Houses of Parliament in recent decades. These have enabled individuals to be more accountable, these Act’s include:

• The Companies Act 1985
• Health & Safety at Work Act 1974
• Insolvency Act 1986
• Financial Services Act 1986
• Environmental Protection Act 1990
• The Companies Act 2006
(which is due to be in force from 01/10/2009)

A Director should always act honestly, in good faith and in the best interests of the company and to ensure he or she has no conflicts of interest.

If a claim arises a Director’s personal assets are at risk. Director’s should seriously consider obtaining Director’s & Officers Liability Insurance as a matter of course.