Guide on how to protect your liability when sat on another company’s board
Modern and comprehensive Directors & Officers Liability policies usually include an extension to protect their directors against any potential liability arising out of work undertaken on the boards of other companies.
The cover for this isn’t always automatic, and there are benefits in keeping clear records of these relationships, particularly as the D&O insurance market is suffering right now.
Procedures are being tightened, and claims that might have been accepted and dealt with quickly a year ago might be a tortuous drawn out process now.
Learn how to evidence these outside directorship relationships, to help keep the claims process running smoothly should the worst happen here