imperial - this is PRECISELY MY POINT, you CAN insurance against a vast array of legal non-compliances and corporate liabilities.
most typical directors and officer liability and company reimbursement insurance policies have standard clauses covering a whole range of "illegal" acts.
many of these policies can be viewed on the web and are drafted in very plan english - there is no secret to this. in fat all company secretaries and directors have a legal responsibility to their companies to ensure all such proper insurances are in place..
Where the insurers do draw the line is in the area of fruad. This in itself is a gret area which has generated an enourmous amount of litigation on its own between insurers and their insured clients.
more fees for lawyers, they come out on top again - ha!
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