A dangerous hold-up
Cases such as the 'NatWest Three' have left an impression on the minds of many directors but are they prepared for the risk that lies with modern-day business dealings? Mark Shreeve promotes the use of directors' and officers' insurance as a cost worth bearing
The importance of obtaining directors' and officers' (D&O) insurance is unquestionable, especially when considering the UK's top FTSE 500 companies. At this level, however, D&O business is more about churn than growth potential and, as a result, insurance firms are increasingly seeking D&O opportunities within new markets.
One market that is being targeted as a potential growth area is the small to medium-sized enterprise (SME) sector. The sheer number of businesses operating within this sector
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