Are you a Director, already in a managerial position or about to take up a position of responsibility in a company? Then you surely know that you’ll be answerable to your customer and/or business partners for the decision you take if you cause damage, or if third parties claim that you have.
How can I protect my company in the event of a breach?
Employers can take out an insurance policy to cover the financial consequences of an error or negligence on the part of one of their directors or officers.
What should I look out for when taking out this type of contract?
First of all, it’s important to clearly define the business and the scope of the parties involved, and then to choose the right amount of insurance for the risks the company faces.
Can media risk be covered?
Depending on the insurance company and the General Terms and Conditions (GTC) in force, it is possible to include financial benefits to cover the costs of a media campaign to manage the reputational risk caused by damage.
Argos Group is an expert in this field and is at your side for this type of situation: we can advise you at any time, just contact us!
