Coronavirus help and support for our Towergate Insurance Brokers customers

Risk Alert : UK COMPANY DIRECTORS ‘LEGALLY EXPOSED’ BY POOR BREXIT PLANS

Risk Bulletin - UK Company Directors 'Legally Exposed' by poor BREXIT plans

Directors of many of Britain’s companies may face large liability risks if unprepared for Brexit. According to insurance consultancy Mactavish, this will particularly be the case if the UK crashes out without a deal.


It said directors of UK-listed companies have by and large overlooked new Brexit related liabilities which are not covered by most existing insurance policies, exposing them to potential legal action. Mactavish pointed out that there are limitations to Directors and Officers, (D & O), cover. The focus so far has been on protecting passporting rights, allowing financial services companies to conduct business in the EU and operational issues, but Brexit has created new insurance risks.

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Coronavirus (Covid-19) – Update for Towergate customers

· Update as at 16 March 2020

With the COVID-19 Coronavirus situation evolving daily, we want to reassure our customers and partners
that we are continuing to follow government guidance, and have been working for some time to prepare for all potential outcomes
for our business and to support clients and customers through this sustained period of uncertainty.
Towergate Insurance Brokers is currently operating business as usual, and we are working behind the scenes on a range of plans
to continue serving clients without interruption and ensure we are prepared, should guidance and advice change quickly.
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