In the current financial climate, it’s becoming harder than ever to make business decisions to protect the future of your company financially, whilst also taking care of your workers. In times of economic uncertainty, companies will look to scrutinise finances, reduce spending and even come to the difficult decision of downsizing and/or laying off staff. And even in the worst cases – such as the recent case of high-street chain Wilko going into administration – a business can go under. Being a director or officer is an important and difficult job that comes with a great deal of risk, which is why directors’ and officers’ insurance should be considered if you’re running a business.
