The care insurance specialist

Protecting Your Personal Assets

DO

The personal risks involved in holding a senior post in a UK care home business are vast. Legal and regulatory penalties are focusing more on personal accountability.

It is a common myth that limited liability status protects directors from being sued personally. It does not. Whatever the size of the company you are involved with, the potential liability can be severe, both personally and professionally.

As a director or officer, you could be liable to defend any claim brought against you. The consequences can be devastating, you could face:

Policies can also protect the company for action against litigation with the optional inclusion of claims brought by employees for alleged wrong doing by the company.

So what situations can Directors & Officers Insurance protect you? Claims can be brought for a wide range of reasons. Even if the claim is not legit you would still need help to defend it. For example:

A resident is being transported in a company vehicle, her wheelchair tipped, she banged her head and later died as a result of her injuries. Police investigated possible gross negligence and corporate manslaughter. The equipment provided to staff by the care home was found to not meet industry safety requirements, staff also had insufficient training. The director is to blame for negligence and mismanagement.

For more information on how you can protect your personal assets, speak with one of our experts on 01273 424 904 or info@qcis.co.uk

Other Articles

Welcome to Quality Care Insurance Services  Quality Care Does Comic Relief!  My Insurance won't cover flood  Immigration Law Compliance for Care Homes  Summer  The Insurance Act 2016  Nights are drawing in  Hurricane Season  QCIS joins the Cuckfield Christmas Tree Festival, 2016  Cyber Regulations  QCIS are Moving  £221 raised for Macmillan  Sarah's 10 Year Anniversary   Team Member Complete's Tough Sh!t Challenge  Charity Christmas Song  Team Member Completes Cambodia Trek!  QCIS supports The Cuckfield Christmas Tree Festival  Christmas Opening Hours  January Transfer Window  Quality Care Employee of the Month  Charity Events  Networking Event  Care Home Success Story  GDPR  Fire!  New Staff Members  GDPR- It's Here At Last!  Cyber Insurance- What will you get from us?  Cyber Insurance  Energy  Outstanding CQC Rating Group  Warning To All Care Home Owners  Changes to your Business  Saint Cecilia’s takes home the STARS!  Skills for Care   Pollard's Promises  Pollard's Promises- i360!  Save on your Energy Bills This Winter  Top 10 Care Home Insurance Cover Mistakes  CareLine  Chartered Insurance Institute Exams  Cuckfield Christmas Tree Festival 2018  Save Money on Energy Bills this Christmas  Christmas Opening Hours 2018  QCIS partners with Essex Care Association  Utilitywise have gone into Administration  QCIS Supports Circus Starr!   Charity Business Awards  Care Conferences  How will Brexit impact the Care Sector  Should Wi-Fi be a priority for Care Homes?  QCIS are British Insurance Awards Finalists!  QCIS are 10 Years Old!