Management liability insurance

Visegrad countries, Balkans: what managers must know before a request of damages knocks at the door

Reading time: 14 minutes

A fatal accident at work, a large shipment not reaching its destination because of an unreliable carrier, an important invoice going unpaid because of a customer’s bankruptcy, a devastating flood or fire. These are just some of the risks that, if not properly anticipated and mitigated, can expose company directors to large claims for compensation and damages, often to be paid out of their own personal assets. Directors can protect … Read more

Manager’s liability: 7 cases that really happened

Reading time: 6 minutes

Owners of companies and country manager are by law responsible, with their own holding, for damages caused to third parties, or to the company they represent, for failure to follow regulations and standards. Their wrong decisions, as described by the 7 cases here below, may be legally expose directors and officers in front shareholders, business partners, customers and employees. Being without proper insurance cover may expose a manager to pay … Read more

Manager abroad: making decision gets more risky. Which solutions?

Reading time: 3 minutes

Big or small business does not make any difference: in case of fault, even in good faith, we legally have to pay with our own pocket. Even if we are abroad. Increasing risks in businesses: executives and managers always fear the most to occupy a top position within the company. This is the result of a survey conducted by Clifford Chance, one of the most famous London based law firms: … Read more

New risks for managers abroad.

Reading time: 3 minutes

Cuiuque on, to each his own. Just being in the right place at the wrong time and we risk making own goal! If we believe that Latin is a dead language, we are wrong: when we deal with managers’ liability, specially abroad, is alive more than ever. In life, as in the civil society, we are all accountable to someone. As citizens, as taxpayers, as fathers, even when we play … Read more