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WITH SHARES HEADING FOR BEAR TERRITORY WHY DIRECTORS SHOULD BE TAKING COVER

With consumers tightening their belts in response to worries over house prices and worsening credit conditions because of the sub-prime lending crisis in the United States many directors are expecting business conditions to deteriorate over the next 12 months. Add to this the seemingly never ending increase in legislation affecting UK businesses and being a director in 2008 looks more challenging than ever before.

Whatever the challenges and risks that lay ahead there is one thing that directors should always do – and that is to expect the best but prepare for the worst! And if the worst does happen how directors have prepared themselves will often determine the extent of the impact on their business and possibly even their survival in business itself.

In this report, Angel Underwriting’s CEO Mark Shreeve looks at what can happen when something unexpected occurs and how Directors and Officers and Corporate Liability Insurance can form a key part of protecting Directors and businesses by transferring risk to an Insurer and by reducing risk through effective risk management.
 

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