Are you a director or manager in a company? Then you are answerable for your professional acts and omissions to the full extent of your personal assets.
To protect your assets there is a special policy for directors and senior management: the Directors and Officers liability insurance (known as D&O insurance). It is a special civil liability policy for people who manage companies and take decisions on a daily basis.
D&O policies cover the expenses for defence of the managers, the bonds and possible indemnities that may result from their acts or omissions. The liability is personal and, depending on the case, may be demanded of the company, its partners and/or creditors.
Don’t play with fire!