As a Director or an Officer of a company you make decisions to manage the business effectively.
Claims can arise from failure in those duties (or alledged wrongful acts) and these can come from a number of parties such as:
These claims can be made in areas such as:
Often when claims occur the Directors or Officers personal assets are at risk. Market conditions are constantly changing with changes in regulation, on the increase, no win no fee solicitors being more readily available and a greater general awareness of third parties rights.
Directors and Officers Insurance covers legal fees for the defect of the claim and damages awarded.
Various limits of Indemnity are available from £100,000 to £5,000,000
Insurers have teams of Professional Legal Advisors who will not also help defend clients in court, but also protect their reputation.
Aspire Insurance Quotations are quick and easy to obtain with a choice of payment options available. We pride ourselves on our personal and efficient service, why not put us to the test? It costs nothing to request a quotation of a cyber breach, cyber insurance can make the recovery process far easier. Many insurers include crisis containment and technical assistance as part of the insurance policy so in the event of a breach best advice is to get in touch with them as soon as possible.
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