Aviva claims increase in failing business could put directors and officers at risk
New statistics show D&Os need to be aware of their rights
Aviva has warned that as more businesses face liquidation, directors and officers are at greater risk of being sued.
The Insolvency Service statistics released for the first quarter of 2009 showed that in total there were 4,941 compulsory liquidations and creditors' voluntary liquidations. This was an increase of 7.1% on the previous quarter and an increase of 56% compared to last year.
Robin Farquhar, head of specialist lines for Aviva, said: "As we become a more litigious society, directors
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Aviva’s David Martin on the art of the possible
- Brokers push for more from RSA/NIG