The risk landscape for senior executives of a company has changed dramatically over the past decade. SME and mid-market companies and their directors and officers are exposed to a far greater range of risks than ever before.
Richard Grosvenor, Sales Director of Gallagher, specialist manufacturing insurers, explains: “Amongst SME and mid-market companies, the use of Directors’ and Officers’ (D&O) insurance is increasingly important. Decisions you make, whether as a director or an officer of a business, can resurface months or even years later in the shape of a personal claim against you, by employees, the company or a third party.
“Gallagher offers D&O liability insurance policies, providing comprehensive protection within a broad policy wording, with few exclusions and wider definitions than many other policies out there. These can be tailored.”
Typically, D&O insurance covers:
- Regulatory Investigations – claims associated with regulatory investigations against individuals
- Director vs. Company – allegations individual directors face from their own companies or shareholders
- Criminal Actions – criminal allegations (and investigations) made against the directors and officers of a company
- Defamation Cases – cases which are often bitterly pursued by the individuals or companies who feel aggrieved by comments or actions allegedly taken against them
- Contract Disputes – claims which arise from disputes with suppliers and customers, following allegations of non-performance or non-payment
- Corporate Insolvencies – claims made by creditors in the event of a corporate insolvency following retrospective scrutiny of company transactions, accounts, and the actions of individual directors
- Harassment – allegations made against the directors and officers of a company for abusive or threatening behaviour
- Privacy and Data Breaches – cases where management have accessed personal emails and messages. A growing problem due to company data being stored on personal devices, and personal data being stored on company devices
If you’d like to find out how Gallagher can help, please visit www.ajg.com/uk or call +44 (0)[NUMBER].
ENDs
For further press information, please contact:
Lynn Rouse, External Communications, Gallagher
+44 (0) 20 3425 3416 [email protected]
Sophie Taylor, Rose Jackson or Claire Gething, Whistle PR
+44 (0) 121 517 5177
[email protected], [email protected] or [email protected]
Notes to Editors:
Gallagher is the brand name of Arthur J. Gallagher & Co. (NYSE: AJG) — the global insurance broker, risk management services and consulting firm headquartered in Rolling Meadows, Illinois.
In the UK, Gallagher has more than 4,500 employees specialising in risk management and insurance solutions for corporate, commercial and personal customers. Through a regional UK network of customer-focused branches in more than 50 locations, and its specialty London market operations, Gallagher offers tailored insurance programmes and coverage for both UK and international clients. It is dedicated to providing local service and support to businesses, backed up by national industry specialism and global reach.
With operations in 35 countries, Gallagher offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
For further information, please visit www.ajg.com/uk
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