A new whitepaper from Berkshire Hathaway Specialty Insurance (BHSI) warns that UK directors potentially face increased exposure from Covid-19-related insolvencies.
While the courts may take into account some of the unprecedented challenges directors were up against during the pandemic, the paper says it may be some time before their approach becomes apparent.
BHSI therefore takes the opportunity to look at the possible legacies of the Covid-19 crisis on UK business and their directors.
The whitepaper considers:
- How the impacts of Covid-19 may differ from prior recessionary periods.
- Whether the downturn will result in a period of heightened corporate insolvencies.
- Whether the government Covid-19 measures discussed, and the scale of the economic shock experienced by the UK economy, will lead to emerging risks and liability exposures to which company directors, and the providers of directors and officers insurance, should take heed.
To access the free whitepaper please click here.