Directors and Officers Facing Increased Liability

In an increasingly litigious and transparent environment, directors must understand the risks they run and make informed decisions about the level of risk they are prepared to take. A recent Mishcon de Reya survey pointed to a rise in UK D&O claims in the last 18 months and overwhelmingly predicted a further rise in the next 18 months. This shows directors need to practise what they preach when personally exercising the good risk management they demand of their companies.

Important questions for directors and officers include:

• What level of risk are you comfortable with and what cover, if any, do you require?
• Who should provide the cover – the company or an insurance policy?
• Is the cover adequate?
• What happens if the claim is by the company itself?

To address these issues we recently organised a seminar for professionals involved in D&O insurance, at which speakers from AIG and PWC also presented. To request a copy of the seminar report and survey results, please contact Adam Epstein or visit www.mishcon.co.uk.

Adam Epstein
Tel +44 (0)20 7440 7102
adam.epstein@mishcon.co.uk