The 25th May 2018 marks the day that the General Data Protection Regulation (GDPR) is being introduced and the rules on data security for businesses are becoming stricter. This raises the issue that directors and officers carry more liability than ever before, and industry experts are wondering whether they will soon be held personally liable for cyber-breaches. Read hoe this may affect your Directors and Officers liability and what your next steps are.
Online and social media has heightened the visibility and scrutinisation of every single decision that company directors and officers (D&O) make. Clients, employees, shareholders and peers will all have a view and opinion on the running of the business and these stakeholders may pursue legal action if they believe a decision which has been taken has adversely affected their best interests.
To protect the company against these potential incidents you should look to arrange Management Liability Insurance, otherwise known as Directors and Officers (D&O) cover.