Directors insurance
Published:
20 July 2020
Edited:
2 March 2023
Read time: 3 minutes
This type of insurance is only applicable to practices organised as a company. It covers the personal liability of directors, officers, and usually, employees, where a third party suffers loss from their act or omission in fulfilling their duties in relation to their role or functions in the company. It is not a substitute for the practice’s professional indemnity (PI) insurance, but covers risk of negligent failure in corporate governance, compliance with statutory duty in relation to company management, and the like.
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