what is director's liability?

by eighth » Mon May 11, 2009 05:13 pm
Posts: 3
Joined: 12 Mar 2008

what is director's liability.

Can any one provide me 'proposal form' and policy wording.

Total Comments: 2

Posted: Tue May 12, 2009 04:39 am Post Subject:

Hi Tariq,

what is director's liability.



There are some liabilities belonging to the directors of corporations that may amount to liability of paid-leaves and wages, job-sphere liabilities, environmental obligations as well as liabilities that fall under corporate statutes. These liabilities are termed as the director's liability and would come under different statutes.

But may I know the reason of your query?

It would then be easier for me to guide you since in the recent years I've observed a consistent effort from the tax authorities towards pursuing directors regarding unremitted source deductions, sales taxes due etc.

Steven

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