Limited company

[stubean]

I am a director of a private limited company holding one share. My partner is the secretary holding one share. The business is in civil engineering. If a client was to sue me for negligence etcc. Will my personal assets be at risk under any circumstances?

[Clanad]

Living as I do in the U.S., I can only make the observation pertinent to your question as applicable here;
The primary purpose of incorporation in the U.S., especially for smaller firms, is the protection of personal assets. Whether a an LLC, Inc. or a PAC, the personal assets of the holders of the corporation are not at trisk. Having said that, there are case law studies that indicate attornies have tried to attack the personal assets of corporate holders. It's unusual with unusual circumstances for those suits to bear fruit...

[chas2008]

although a limited co. is what it says 'limited liability', but it must depend on what you mean by negligence.
A limited co. wont protect you from a criminal case..

[woozer]

Hope you have Professional Indemnity insurance

[buildersmate]

I would be surprised if your clients do not insist that you must have PII before they will do business with you.

[thugulike]

I have a ltd company and do hold professional indemnity insurance but I've never had a client ask the question.