Sunil Shah, Managing Director of C&M Insurance, joined other industry experts at a roundtable event with Allianz to discuss the growing area of Directors’ & Officers’ insurance.
Interviewed by industry publication Insurance Age, the panel of experts discussed why small businesses tend not to take out D&O insurance, with only 25% of UK SME’s buying the cover, which protects senior staff from liability claims stemming from their professional actions.
“Perhaps brokers still don’t fully understand it themselves,” says Mr Shah, adding: “SMEs probably don’t understand it as a result.”
The experts then discussed where they predict this valuable market is heading, predicting the area will continue to grow.
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