Directors’ and Officers’: Time for expansion

An illustration of a businessman with his hands on his hips and his shadow gives the impression of expansion

In theory at least, directors’ and officers’ liability cover should be considered an essential purchase by most small business owners. Directors and other personnel who make decisions on behalf of a business could face unlimited personal liability if they fall foul of their fiduciary duties and end up being pursued by consumers, suppliers, employees, fellow directors or the company itself.

The modern ‘blame culture’, wherein individuals rather than companies are seen as culpable for events, inva