As litigation against companies increases worldwide, Australia is now the second most litigious society in the world, beaten only by the USA. The amount and value of claims have risen by 50% in just three years, indicating that consumers are far more likely to take action against a company or individual if they feel they have suffered damage or impairment.
Directors and Officers insurance is put in place to protect the personal assets of a company’s directors and officers. It is designed to provide financial protection if they are sued in relation to the performance of their company duties.
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