A wide range of stakeholders (both individuals and organisations) can be affected by the decisions of those within a company. Some may have incurred direct financial loss as a result, others may be enforcing rules and regulations on behalf of the directors. The range of potential claimants includes: shareholders, investors, regulatory bodies, HMRC, Health and Safety Executive, employees (past and present), customers, competitors, banks, lenders, liquidators or auditors.
The policy will pay all legal defence costs, plus any damages awarded should any claim be successful.
Employment Practices Liability Insurance (“EPLI”) cover can also be included for any claims made in relation to issues covered by employment legislation.
Cox Mahon has a broad level of experience in arranging D&O insurance for a wide range of organisations, including incorporated entities, Limited Liability Partnerships and Partnerships in both professional and commercial businesses.