what is director's liability?

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PostPosted: Mon May 11, 2009 5:13 pm   Post subject: what is director's liability?  

what is director's liability.

Can any one provide me 'proposal form' and policy wording.
eighth
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PostPosted: Tue May 12, 2009 4:39 am   Post subject:   

Hi Tariq,

Quote:
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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