Reportage - D&O: Scare tactics
Louise Meeson asks if the recession has highlighted the true benefits of D&O or whether providers and distributors are just using it to frighten business leaders into taking out unnecessary cover
As the fallout from the recession continues to rain down, company chiefs must be more aware than ever of the risks of running a business. With the tough economic climate creating a rise in insolvencies and redundancies, what effect has the increased threat of litigation from disgruntled customers, creditors, employees and regulators had on the directors' and officers' (D&O) market and what does the future hold?
According to the most recent figures from the Tribunals Services, 236,100 employment
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