Directors and Officers owe duties to their companies. If there is a breach of duty on their part, which causes damage to the company, they can be sued and held liable for damages. Claims can be brought by shareholders, a financial institution or on a Director vs. Director basis. Liability may arise out of lack of care and skill in the performance of the director’s duties (e.g. negligent advice or misstatement). Any act which goes beyond the limits of the company’s constitution (such as excessive borrowing), unauthorised payments, failure to disclose the full extent of the directors’ interests or a failure to comply with requirements, may involve a director or officer in a personal liability. Liability may also arise out of failure to arrange proper insurance.
S.A. Faughnan (Brokers) Ltd. have particular expertise in providing our clients with D & O (Directors & Officers) Liability Insurance solutions for their business related concerns. We advise on liability insurances in all sectors including but not limited to Industrial, Manufacturing, Warehousing, Distribution, Leisure, Entertainment, Building / Construction Sector, Rental Property, Land and most of the Business Professions. We have access to all major markets in these areas both in Republic of Ireland and the UK / Lloyds.
If you are unsure of what insurance cover you should have as a shareholder, director, officer or manager of a company, please do contact us on 8245555 or submit an enquiry online.
Please fill in the form below and we will contact you as soon as we can.
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Company Reg. No. 88953.
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