Although these insurance policies are commonly known as management or directors’ liability insurance, they can cover charity officers, committee members and other senior executives for specific personal liabilities.
Limited liability company status does not protect its directors
There is a common misconception that a limited liability company protects its directors. In reality, company directors and officers have unlimited personal liability for a wide range of potential claims over breach of trust or duty.
Directors’ and officers’/management liability insurance premiums are low: we recommend that all businesses purchase the cover. Contact us on 01525 719955 if you would like us to review your policies and provide a quote.
“Home Counties Insurance Services was Hunts (UK) Deliveries’ first and only insurance provider. Various brokers have told me that Hunts (UK) Deliveries could ‘do better’ elsewhere because ‘elsewhere’ offered lower rates. Professional insurance is not the only thing Home Counties Insurance Services provides. What’s even more important is their staff – competent, concerned and committed are good words to describe them. They respond quickly and well to questions on all matters, and they provide effective guidance on navigating potential claims.”
Keith Hunt, Director of Hunts (UK) Deliveries Ltd