Directors and officers duties include:
Common law duties
Legal principles established from many years of case law.
To act honestly, in good faith, in the best interests of the company at all times and not to allow personal interests to conflict with those of the company.
Duties of skill and care
To exercise the same level of care and skill that a person would use in the management of their own affairs with their level of knowledge and experience.
Where a company commits an offence under an Act with the consent or connivance of a director, or is attributable to neglect. The director is also guilty of the same criminal offence and can be punished accordingly.
We can arrange this important cover to specifically protect you in regard to alleged wrongful acts such as breach of duty or trust and neglect, error or omission in the performance of your duties.
Contact us today to discuss your insurance needs.
Phone: 0333 005 0132