Various sources have suggested that, as a result of the COVID pandemic, Directors and Officers may be facing significant claims linked to wrongful trading, a lack of preparedness to protect employees or customers and/or insufficient preventative action.
Claims are expected to materialise once the pandemic is over and the true impact on companies finances becomes clear, but class actions have already been brought against Norwegian Cruise Lines and Inovio Pharmaceutical in the US and more are anticipated. One commentator has estimated that the cost to the insurance market globally could be as high as $140bn for all claims related to the pandemic
This webinar aims to outline how COVID-19 has:
- Changed the legal landscape around the personal liability and responsibilities facing directors,
- The response of the insurance market
- How you can protect your own personal exposures.