l Can you be personally sued and your assets seized if you are found to be
       in breach of your duty as a director?

l How limited do you think your liability is as a director of a company?

A Directors and Officers Liability Insurance policy provides the directors and officers of a Company like yours with indemnity against a wide range of potential legal actions which they face in the carrying out of their management duties. 

The policy also provides for costs and expenses arising in connection with such actions. Persons appointed as directors or officers of a Company hold positions of trust and are required to act accordingly. They will be personally liable for any act which is negligent, outside their authority, or in breach of duty or trust. Their responsibilities are onerous.

The circumstances in which a Company may indemnify its officials against a claim are extremely limited owing principally to Section 310 of the Companies Act 1985. Directors and Officers without insurance are effectively risking their personal wealth. There is no limit to liability and legal costs, which are payable in addition, can be tens of thousands of pounds.

Directors and Officers Liability Insurance covers legal liability for such matters of trust, breach of duty, breach of contract, neglect, error, omission, misstatement, breach of warranty of authority and wrongful acts committed by persons insured in their capacities as directors and officers.
 

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