Directors and Officers Insurance

Many directors spend considerable time and resources in protecting the assets and liabilities of their limited companies. Some do not realise that as a director or officer of a company they incur unlimited liability for their actions in connection with the business. Directors and Officers liability cover protects all directors (past, present and future if required) and employees from any personal liability that they may incur.

Directors and Officers Insurance is vital for any and every UK Limited company,
Some myths about Directors Liability:

• Directors have limited liability - NO THEY DO NOT!
• I don't have a title director, so I can't be held liable - YES YOU CAN !
• The company can indemnify us - NOT IF IT GOES Bankrupt!
• We are only a small company - THE SAME LAWS APPLY!
• They cannot touch my personal assets - YES THEY CAN !

As one of the UK's leading independent insurance brokers, Berns Brett work with many of the largest insurers to provide extensive Directors and Officers cover. We will always discuss your requirements in detail before recommending cover but to start the quotation process please complete the online preliminary information form (below) or call us on 0800 3588 222.

Details of the Business Name of Company Type of Business Address of registered office Description of Business Activity of the Company and its subsidiaries Types of Work Undertaken Title Mr Miss Mrs Ms Sir Dr Prof. Reverend Councillor Dame Dean Judge Lady Lord Other Full Name Number & Street Area/Town City/County Postcode Telephone Number Mobile Phone Fax Number Email Address Date Business Started During the last 5 years has: The name of the parent company changed No Yes Any acquisition or merger taken place No Yes Any subsidiary company been sold or ceased trading No Yes The capital structure of the company changed No Yes If yes, to any of the four questions above, please give details Is the company: Private Yes No Public No Yes Listed on the UK stock exchange No Yes Listed on any foreign stock exchange No Yes Aware of of any acquisition, tender or offer or merger pending or under consideration No Yes Aware of any proposal relating to its acquisition by another company No Yes Intending a new public offering of securities within the next year in the UK or Elsewhere No Yes Details of shares Total Number of shareholders Total number of shares Total number of shares Total number of shares held by Directors & Officers (both direct and beneficial) All holdings representing 15% or more of the Ordinary share capital of the Company giving the holder and the percentage held by each Please give details of any change to the list of Directors & Officers given in the Company's last report and accounts

Insurance Details Has the Company ever had any Insurer decline a proposal or cancel or refuse to renew a Directors and Officers Liability Insurance No Yes If yes, please give details

North American Exposure Details Please give: Total assets of the company and all its subsidiaries in North America Turnover/Revenue generated in North America in the most recently reported financial year Please list the subsidiaries in North America in the most recently reported financial year For each company, who own's the minority stock Does the Company or any of its subsidiaries have any stock, shares or debentures in North America? No Yes If yes please give the following information: On what date was the last offer / tender / issue made? Was the offer subject to the United States Securities Act of 1993 and/or The Securities Exchange Act of 1934 or any ammendments thereto No Yes Are any shares traded in the form of ADR's, please advise No Yes If yes, please give the following information Are they sponsored or unsponsored? Sponsored Unsponsored If sponsored name of depository The number of ADRs traded And, the percentage traded as a total of issued share capital No of ADR shareholders Does the Company or any of its subsidiaries have any debt instruments or commercial paper in North America? No Yes If yes, please provide details Has the company been required to provide 20F or similar filing to the USA Securities Exchange Commision? No Yes If yes, please fax, post a copy

General Information Have claims ever been made against any past or present Director or Officer of the Company or its subsidiaries? No Yes If yes, please provide details Is the proposer aware, after enquiry, of any circumstance or incident which may give rise to a claim? No Yes If yes, please provide details Limit of liability required £ 1,000,000 3,000,000 5,000,000 Other If Other please state NB: This policy will not cover Pension trustees or any Pension Fund. If you require an indication of codt for Pension Trustee Liability Insurance please state: Your scheme assets: Is the scheme? Defined Benefit Money Purchase Other Please fax, post, email the following upon sending this form a) The last Annual Report and Accounts for the Company b) The last interim Statement (if applicable) c) Any Offer Document Offer/Listing Particulars published in the last 12 months d) If applicable, management buy-outs/start-up business please enclose details from the business plan

Current Insurance Do you currently have insurance Yes No If yes, please answer the next three questions Who is your existing insurer Renewal date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 January February March April May June July August September October November December 2008 2009 2010 What is the premium When do you require the quote by How would you prefer to be contacted with a quotation E-mail Home phone Mobile phone Any method Please tick the box to agree that the information supplied in this form is accurate to the best of your knowledge/belief. The information supplied is used by Berns Brett Ltd only for underwriting purposes only.

 

© Copyright 2009 | BBi Berns Brett Commercial Insurance Brokers Ltd are authorised and regulated by the FSA in respect of general insurance business.
The BBi Group - BBi Berns Brett, BBi Horsham & BBi Alternative Solutions. The Al Masaood Group & BBi Group - BBi Berns Brett Masaood