Why is directors & officers insurance important to technology companies?

Many people mistakenly believe that as a director of a company, they have no personal liability in regard to their corporate actions, however that could not be further from the truth.

The truth is that while most corporate bodies are protected through public liability and other insurances, the individuals within the company are often unprotected: particularly where they have acted without proper authority or breached any part of the Companies Act, however inadvertently.

This article highlights the importance of D&O cover for professionals working in the IT sector and lists four specific examples where cover is required.