Most company directors will hopefully be well aware of the responsibilities of their position, but not all will be aware they face unlimited personal liability arising from the decisions and actions taken in running the business. Limited liability only applies to the shareholders whereas directors can face sanctions that could involve the seizure of personal assets.

As a director you are legally required to act with care, in good faith and within the law. You have a duty to act in the best interests of the company, including a responsibility to ensure that other directors and officers do likewise.

Claims can come from many sources as I mention later, but as an example there are over 200 ways a director can incur fines or penalties under the 2006 Companies Act alone and that is without the seemingly constant barrage of recent regulations from Europe.

Love it or loathe it, Rampion seems to be coming to a sea view near you with the giant offshore wind farm set to dominate the coast from Beachy Head to Bognor if construction commences in 2014.

Eon have certainly spared no expense with their public presentations along the coast and if it can, as claimed, power two thirds of the homes in Sussex they have my vote, although appreciating that those that live in the path of the cable and the sailing fraternity may not be in favour. I should also declare an interest as Nsure have been arranging insurance on renewable energy projects for years, albeit not for massive utility companies like Eon and our involvement in the industry does give an insight of the costs and problems involved should the project go ahead.

Accountant Minaxi Shah was jailed for 6 months after faking a severe disability from a road accident and claiming £600,000. Her husband and daughter were also jailed for 3 months for their part in the scam. But the insurer, LV, were left fuming when despite the conviction, they had to pay up for the minor injury that had been incurred. Compensation of £10,000 was cut to £2,500 to reflect the cost of the surveillance investigation that trapped the family.

It is difficult to get away from motor insurance these days, every other TV advert seems to be a Meerkat or opera singer and it's also all the rage in Government. The Prime Minister used the Michael Winner Esure catch phrase 'calm down dear' as a put down a in a recent debate, Jack Straw is introducing legislation about referral fees, and while a Select Committee investigates the cost of motor insurance, the Office of Fair Trading is looking at add-ons such as breakdown cover.

96% of young drivers feel they are being priced off the road by high insurance costs according to a survey by the Transport Select Committee who are concern that many will drive uninsured because of the cost.

I am well aware of the problem, having a son who after 1 accident will cost £4000 to insure. But there is a solution, it's called a bike!