| The Directors and Officers of any company have both legal and moral obligations to any person that has an interest in that company, be it a PLC or Limited Company. Where any Director or Officer fails to meet these obligations, those interested parties may hold an individual Director/Officer or all Directors/Officers accountable and in this case the Directors & Officers Insurance would provide cover against any damages imposed.
Directors & Officers Insurance covers many areas such as health & safety, pollution, discrimination cases, non-compliance with insolvency act and even corporate manslaughter. As such, many corporate companies and a high percentage of medium sized businesses opt to protect themselves from potential claims against their officers and directors.
You will also need to consider whether you wish to only be covered in the Republic of Ireland or other countries also.
As a broker, we are able to do the hard work for you, researching the best policies at the right premiums and more importantly, when you need help, our specialised team can provide the personal and attentive help required to get the answers you need or to finalise a claim.
So contact Padraic Smith Insurance Brokers for all your insurance needs.