Corporate Liability
Every company owes a duty of care in respect of its actions as a corporate body.
A corporate liability policy will provide cover in respect of legal costs, awards and settlements in respect of claims and regulatory actions brought against the company.
Claims Examples:
Health and Safety investigations/prosecution against the company following an injury/death to an operative or member of the public
Investigations by the Office of Fair Trading
Allegations of incorrect/false information having been provided in respect of the company’s financial standing
Claims can emanate from a wide variety of sources, including Shareholders/Investors, Health and Safety Executive and other Government Agencies.