Risk Managers' increasing awareness of their management liabilities
Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves. This may result in claims against them for actual or alleged breach of duty, neglect, misstatements, errors and omissions.
Taking the pain out of investigation
There is a growing number of governing bodies or authorities who can investigate a company and today, more attention is being focused on smaller companies. Even if an individual is not yet personally under investigation, immediate expert legal guidance can help and perhaps, better manage the situation.
As directors and managers are jointly and severally liable, an error on the part of one can have financial and personal consequences for the others, who may have acted with propriety. Strong cover, that ring-fences the cover individuals can receive, can help build the confidence required to work together.