D&O cover - Fail to prepare, prepare to fail
The introduction of The Companies Act (2006) means a new set of risks have appeared, though small and medium-size enterprises seem not to be prepared for them. Samantha Hanson reviews some of the major changes
Almost every week, another insurer makes an announcement that their directors' and officers' cover is extended. Insurers recognise that there is potential for significant growth in the D&O market, particularly when it comes to SMEs.
Despite this, SMEs appear to be slow on the uptake; brokers need to educate them about the full gamut of new risks created by the new Companies Act (2006), as well as the implications of an aggressive regulatory climate in the US. Brokers must also understand that no
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