RMK Insurance Brokers have looked after the business and personal insurance requirements of our family for many years now. We value their flexible approach and practical advice; being able to deal efficiently with the full extent of our various policies is a great advantage. We are able to contact them at any time and get immediate answers, their staff are knowledgeable and friendly. We have recommended them on a number of occasions.
Individual Director Insurance
Why do you need Individual Director Insurance? An Individual Director faces unlimited liability and if your employer has not arranged Director’s & Officer’s insurance or you believe the cover to be inadequate you can arrange Individual Director insurance. The Policy will sit above any underlying Director’s or Officer’s or Management Liability policy already arranged and is triggered when the underlying Director’s or Officer’s or Management Liability policy cover is exhausted or there is no cover in place. The Individual Director Insurance product can cover up to 5 Directorships and is suitable for director’s current board positions of UK registered Private Limited Companies and Not for Profit Organisations
As a company director or officer you have a multitude of diverse responsibilities. The duties of directors and officers has been established through statutes, regulations and case law and can be broken down into various areas. The duty of care and skill, for example, is a common law duty requiring directors to act with “the care an ordinary man would take in the same circumstances on his own behalf”, and with the skill expected from someone with his particular knowledge and experience. Directors also have a fiduciary duty to act honestly, in good faith and in the best interests of the company and must ensure that there are no conflicts of interest. There are also many statutes and regulations that affect the conduct of directors and officers, including the Companies Act 2006, The Modern Slavery Act 2015, Criminal Finances Act 2017, Defamation Act 2013, Insolvency Act 1986, Financial Services Act 1986, Environmental Protection Act 1990, Health and Safety at Work Act 1974, General Data Protection Regulation to name a few
If a Director or Officer is perceived to have failed in any of their duties, then a claim could come from any number of third party sources, including shareholders, creditors, regulatory bodies, the Health and Safety Executive, employees, auditors, liquidators, customers and suppliers. How would a director or officer fund the legal costs necessary to defend themselves and to meet any awards made against them?
- Private & Business client in Dartford
I have used RMK insurance brokers for a few years now and they give honest good advice and are there when you need them – when you need to make a claim. On top of that they are really friendly to deal with -what’s not to like !Terry Maylin
We were recommended to use RMK when we started up our new company in 2012 and we have not looked back since. The main thing for me is that it takes all the work out of it for us and Kevin is always on hand for any insurance queries. We have always received honest friendly advice. With their expert knowledge of the insurance market, they have managed to obtain the best possible rates for us and have dealt with any claims efficiently and expediently. I would have no hesitation in recommending them to anyone, either an individual or a business.Katrina
Property and Personal Insurance
RMK Insurance Consultants have been our brokers for the past 21 years for the simple reason that they have always achieved what is in our best interests. We have every confidence in their advice and thus safe in the knowledge that we have the right insurance cover for our business.Martin Cosgrove
M G Cosgrove Construction Limited.
I have introduced RMK Insurance to several of my clients and they have consistently provided impartial advice on all aspects of business insurance and have always delivered an excellent service. I have no hesitation in recommending them.Robert Mears
Business Management Consultant
Excellent service, RMK has provided my company professional indemnity insurance for a number of years and it’s always diligent and hassle free.Jill Willis