Professional negligence, so you give advice. If you give advice, provide professional services or consultancy you may need the cover.
In today’s litigious society, action can not only be brought against the company but also personally against a Director or Officer of the company, in this instance your business policy protects the business, but without Directors & Officers liability insurance you are putting all your personal assets at risk including car, home & saving etc.
Cover can vary from £100,000 to £1m limit of indemnity based on your requirements.
The premium of Directors & Officers Liability Insurance can cost from just £100 onwards, its a small price to pay for peace of mind.
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