Directors' and officers' liability and financial institutions

 In particular, within the financial sector, allegations of misrepresentation, negligence and wrongdoing are increasingly triggering claims under professional indemnity and D&O policies.

Across its offices DAC Beachcroft has lawyers who specialise in advising directors and their insurers on all matters concerning corporate governance and the duties of directors and officers of companies. We regularly work for company directors and officers covering third party claims, regulatory enquiries and their duties as directors, and advise insurers on policy wording and coverage, claims and disputes.

Our team has extensive experience of advising on financial institutions-related matters including civil liability claims, regulatory investigations, claims under bankers’ blanket bonds, as well as claims for loss on premises, loss in transit and fraudulently altered instruments and electronic computer crime.

We also work with insurers to help develop financial risk products. Our expertise includes advising insurers on how financial organisations can protect themselves against internal errors and negligence arising in the conduct of their business and what measures can be adopted to enable the early discovery of dishonest or fraudulent activity.

In-depth market knowledge

Our lawyers are experts in the complex range of issues that arise in increasingly important corporate governance areas and have an excellent working knowledge of the changing legislative framework, including the Financial Services Act 2010 and its impact on financial institutions, directors and officers and insurance service providers.