Holding a senior position in an organisation is a great honour. But with it comes responsibility. We are a strong, established, and long-term partner with specialised management liability solutions.
Holding a senior position in an organisation is a great honour, but with it comes responsibility. For businesses and their directors and officers, the risks are constantly evolving. Today they are fuelled in part by advances in technology and market developments, in part by macroeconomic and environmental risk factors. Additionally, there is the continuation of more traditionally held risks such as changes in legislation and regulation, business interruption and loss of reputation.
We recognise that the increased focus from shareholders, regulators and activist groups, means that environmental risk has expanded from being an operational issue to a reputational issue. Under the Environmental Protection Act, directors are liable for prosecution if their business is suspected of pollution damage and environmental risks threaten a wide variety of commercial organisations.
After a series of sophisticated, high profile cyber attacks in 2019, cyber incidents and business interruption features highly on the risk lists of businesses across the globe. There is also the increased threat of further lockdowns due to the COVID-19 pandemic, and the uncertainty surrounding future legislation and regulation for the UK, outside of the EU, and in the US.