Being the director or owner of a company can be challenging at the best of times; and downright stressful at the worst. Running a business involves a lot of risk-taking and responsibility, and even the best entrepreneurs in the world will likely find themselves in stressful financial situations at certain points in their career.
If you’re worried about creditors taking action against you, there may well be a way around it – through director protection. If you’re a director or business owner, director protection might be the best way to protect your own finances, as well as those of the company.
The aim of director protection is to protect against personal liability. Some of the most common situations where director protection can be a saving grace include: