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

Directors and Officers Increasingly Liable: 1 in 4 Hit With Claims
Directors and Officers Increasingly Liable: 1 in 4 Hit With Claims
Between regulatory changes, increased technology troubles and everyday exposures, the past year has seen a significant increase in liability claims for senior-level business executives. Indeed, a recent survey found that nearly a quarter of senior managers have had at least one claim made against them, and over 30 per cent reported concerns of a claim headed their way in the future. 

In...

Why the GDPR Means You May Need More Cyber and D&O Insurance
Why the GDPR Means You May Need More Cyber and D&O Insurance
Last year was a record-breaking year in terms of cyber claims, totalling more claims than the previous four years combined, according to recent industry research. However, researchers predict that cyber claims will rise now more than ever as a result of the General Data Protection Regulation (GDPR). Due to the GDPR’s strict regulations and hefty non-compliance fines, the consequences your business...

GDPR Exposes Directors and Officers to Greater Risk
GDPR Exposes Directors and Officers to Greater Risk
As cyber-related requirements will become more stringent under the GDPR once it comes into effect on 25 May, directors and officers (D&O) will be exposed to a greater amount of liability. In fact, insurance experts forecasted a spike in D&O claims in 2018 over cyber-incidents. But it’s not just the GDPR—wrongful conduct resulting in company insolvency, such as Carillion’s...

Carillion’s Demise—Could You Be Held Responsible for Insolvency?
Carillion’s Demise—Could You Be Held Responsible for Insolvency?
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 has significant repercussions...

The Legislative and Regulatory Risks Threatening Your D&Os
The Legislative and Regulatory Risks Threatening Your D&Os
Over the past several years, UK legislation and regulations have greatly expanded the potential number of risks that directors and officers (D&Os) may have to handle. To protect your D&Os, guard against these five legislative and regulatory risks in 2018:

1. Companies Act 2006 — This outlines the duties and responsibilities of directors and officers. Most often, legal...