Posts Tagged: Directors and Officers Insurance

Cyber-exposures to Consider in Your D&O Policy

Posted by & filed under Cyber, Directors & Officers Insurance.

As a senior-level leader within your organisation, the consequences of a cyber-attack expand even further than that of lost data or resources, and business interruption. Indeed, suffering from a data breach could also place you, as an individual, in a dangerous position regarding directors’ and officers’ (D&O) liability. In the event of a cyber-incident, senior-level […]

It’s Time to Document Your Brexit Plans, or Risk D&O Liability Issues

Posted by & filed under Business News.

Although the impacts of Brexit remain uncertain, it’s crucial for your organisation to prepare for any possible scenario. Especially as a senior-level leader within your workplace, failure to generate and document comprehensive continuity planning could expose you to serious directors’ and officers’ (D&O) liability risk if your organisation suffers a performance problem or interruption following […]

These 5 Topics Continue to Widen Your Leadership’s D&O Liability

Posted by & filed under Directors & Officers Insurance.

The past few years have seen a significant increase in directors and officers (D&O) being held legally accountable for organisational mistakes or failures. And, in a constantly evolving risk landscape, you can’t afford to ignore the following top D&O liability risks: Compliance—Recent regulations have given added responsibilities to senior leadership roles, making it vital to […]

Carillion’s Demise—Could You Be Held Responsible for Insolvency?

Posted by & filed under Directors & Officers Insurance.

Carillion, formerly the second-largest construction company in the United Kingdom, went into compulsory liquidation on 15 January. Unfortunately, this type of situation is not uncommon, as the number of companies that entered insolvency in 2017 rose by 4.2 per cent to 17,243, according to the Insolvency Service. Regardless of the size of the organisation, insolvency […]

Survey Highlights Growing Number of Risks Facing Directors’ & Officers’

Posted by & filed under Directors & Officers Insurance.

Over the last several years, UK regulations have expanded the scope of directors’ and officers’ (D&O) liability—and that trend shows no signs of stopping, according to a recent survey from international law firm Allen & Overy. According to the survey, D&Os are exposed to a higher amount of personal liability than ever before. Since the […]

How GDPR Will Expand Your D&O Liability

Posted by & filed under Business News, GDPR.

On 25 May 2018, the General Data Protection Regulation (GDPR) comes into effect, which expands the rights of individuals and their data while placing greater obligations on organisations that process personal data. As cyber-related requirements become more stringent under the GDPR and directors and officers (D&Os) shoulder more liability than ever before, industry experts are […]

Directors and Officers Are Held More Accountable

Posted by & filed under Business News, Risk Management.

As risk becomes more complicated, Directors and Officers are held more accountable. Since the financial crisis in 2008, claims against directors and officers have grown more frequent, complex and expensive. One reason for this rise is government legislation that has increased business transparency and placed the responsibility on directors and officers. In fact, after new […]