Protecting your interests

Dave Woolard is corporate manager of financial lines at AIG Europe (UK)
01 Sep 2005

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Directors need D&O insurance, no matter what sized company they work for. It's for this reason we have come up with the top ten reasons small to medium sized enterprises (SME) may not buy D&O cover when perhaps they should.

1. Disqualifications

Disqualified directors do not have to be dishonest, just negligent, and this is the fate of more than 1,500 directors a year. Defending an application for disqualification can take many months, cost a lot of money and be a very stressful period indeed -

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