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Directors insurance for Ltd Company BTL?


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Hi Tribers,

My solicitor recommended I take out director's insurance against cyber crime as part of my limited company purchase- reason being its apparently increasingly common for company directors' details to be appropriated (simple companies house beta search) and frauded.

Wondering if anyone else in the community has opted to take this up as part of their ltd co borrowing (or is it a bit of a red herring)? and whether the costs is reasonable?

 

Thanks

Anthony Gosling
WG Estates | Property Investor
www.wgestatesuk.com
07478572163

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  • 4 weeks later...

If they mean Directors & Officers (D&O) insurance then that is mainly (but not exclusively) designed to protect directors against claims from (disgruntled) shareholders. The question you have to ask yourself is if you don't discharge your responsibilities correctly who is going to sue you? So depends how your company has been set up. If you think there is a risk then speak to an insurance broker.

 

Cheers

 

John

 

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You can withhold your date of birth from your records and have the address as your accountants - surprised if this wasn't mentioned to you.

Regards Simon

Searchlight Finance Ltd

T:01565 654005

 

Landlord and specialist property finance advisor only dealing with investors, landlords and developers throughout the UK and beyond.

Buy to Let - Commercial Finance - Bridging Loans - Development Finance - HMO Finance - Refurbishment Loans - Multi Let - Limited Company - Student Lets - Portfolio Finance

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