Directors & Officers Liability is the exposure of corporate board members and officers to lawsuits arising out of their actions or decisions regarding the management of their organization. D&O Liability Insurance protects the personal assets of the directors and officers - as well as their company's (the entity's) assets - from such lawsuits. It isn't surprising that most organizations realize the need for D&O Liability insurance. In this increasingly litigious society, a snowballing trend of consumers exercising their option to sue over a broadening array of issues have forced many companies to realize their exposure.

Directors and Officers Liability is most often broken down into the following areas:

Non-Profits:

Coverage is provided for Directors, Officers, Trustees, Volunteers, Employees, Committee Members and the Entity.

• Defense costs are offered outside the limit of liability.
• You have a choice of No Individual insured vs. Insured exclusion.
• Full prior Acts coverage is provided.
• Separate Limit of Liability is available for Employment Practices Liability claims.

Private Companies:

Privately held mid-sized companies face major management liability threats, driven by escalating employment practices exposures and an increasing number of private securities-related claims. This heightened exposure can translate into multi-million dollar lawsuits against mid-sized companies and their directors, officers and employees. In closely-held mid-sized companies, these lawsuits can have a particularly severe impact on individuals, since the owner's personal net worth is often tied to the financial health of the company. 75% of litigation against a private corporation involves employment issues.

Coverage is provided for Directors, Officers, Employees and the Entity. Coverage is offered on a "Duty to Defend" policy form. Full Employment Practices Liability coverage, including Third Party Discrimination and sexual harassment claims are not standard enhancements.

Public Companies:

When a company is raising capital in an Initial Public Offering, it raises management liability exposures that are unlike any it has faced before. Alleged violations or the Securities Acts of 1933 and the Securities Exchange Act of 1934, which require full disclosure of material information in connection with the offering of new securities and protect investors against deceptive practices in the sale or purchase of these securities, are the root of most IPO related claims. These include claims alleging Fraud and Mismanagement, Inaccurate financial / operational projections, a change in company strategy; inadequate or inaccurate disclosure of information and improper accounting practices. Coverage provides for Directors, Officers and employees for IPO securities claims and for aftermarket securities claims for up to three years after the IPO. Coverage can also be extended to both selling and controlling shareholders, attorneys, accountants and experts involved in the IPO process. Following the Initial Public Offering, the entity and it's Directors and Officers are under constant scrutiny by the shareholders for their actions. Broad coverage for Directors and Officers include full securities claims coverage, encompassing criminal, civil administrative, regulatory and arbitration investigations and subsequent proceedings.

Bio-Tech and Hi-Tech, Financially distressed, Start-ups, and Bankrupt companies all have their own unique problems and challenges. We can tailor a policy to fit the needs of all companies based upon their size, financial strengths and weaknesses and nature of operations.

We have agreements with all standard and non-standard carriers which offers us a wide variety of options to choose from in selecting the best carrier for each and every client.

As companies continue to purchase Directors and Officers Liability, they are also continually looking to increase their limits of liability. We can offer various limits from $1,000,000 and up.