What financial losses or costs might your company or its directors and officers incur as a result of the crisis?
It is very important that early consideration is given to the liabilities that could result from the incident. You should consider, for example:
- what claims might be made against the company and/or its directors and employees? Costs may arise from defending any claims, and losses may be incurred if claims succeed
- what costs might arise from dealing with the incident? These might include the costs of physical repair or environmental clean-up work and/or the costs of obtaining assistance from third parties, including legal advisers
- what losses may result from the incident (eg loss of revenue if the company’s business is interrupted)?