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Welcome to the L Wood Newsletter
Directors & Officers Liability Insurance – Is your limit enough?
In 2019, we have seen an increase in the number of claims against Directors & Officers.
In this ever more litigious society, it is vital to ensure your current insurance for Directors & Officers Liability has a sufficient limit.
There is still a misunderstanding over whether or not a Director of a Limited Company has a personal liability to their corporate actions.
In reality, Personal Liability is not even just restricted to Directors as proceedings can be issued against almost anyone in a managerial position.
Even if an exaggerated claim is made against you, the costs to battle this can be in the hundreds, even thousands of pounds in some cases.
For more information on Directors & Officers Liability Insurance, we have recently published an extensive article on the topic, which includes case studies of claims made.
You can read the article via the read more button below, but If you are unsure of your limit or think you could be at risk, please feel free to give us a call on 01274 515 747 or email us at mail@lwood.co.uk.
WEATHER WARNING: Prepare your business against winter
With Christmas on the way, winter will bring several potential risks to your business or property.
Heavy rain, gale force winds, frost and snow, will soon be on the horizon.
The question you should now be asking yourself is 'am I adequately covered?'
With the help of Willis Towers Watson Networks, we have highlighted some critical areas that you must keep your eye on during the season.
Click the button below to find out how to avoid the risks this winter.
The Latest News From Our Blog!
Talk of a ‘Brexodus’ within the UK construction industry, is underpinned by the fear that the extreme skills shortage already affecting the sector could be exacerbated. If this should occur, making an appointment to see an experienced insurance broker...
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4 Aire Valley Park, Wagon Lane, Bingley, BD16 1WA
L Wood & Co Ltd, a limited company incorporated in England & Wales. Registration No. 01279184.
L Wood & Co Ltd Insurance Brokers are authorised and regulated by the Financial Conduct Authority.
