Individuals who serve as directors or officers of corporations are acting in a fiduciary capacity in that they are responsible for managing the affairs of the organization and must act with due diligence. In the absence of such care causes a loss for the organization or its shareholders or even its creditors, the directors and officers can be held personally responsible. D&O insurance provides coverage for the company, its directors, its managers and officers, and it 's employees for suits alleging that they were not prudent in their decision making causing financial harm.
Almost any day-to-day decision or action by anyone in the organization can trigger a lawsuit. The most frequent cause of action leading to D&O suits are:
- Financial Reporting
- Conflict of Interest
- Loss or bankruptcy
- Dishonesty/Fraud
- Tender offer for your company or for another company
Many D&O policies today (especially for non-profits) include employment practices liability coverage. This coverage provides coverage for suits in the workplace from employees alleging:
- Discrimination due to race, sex, age, national origin, religion, disability, or sexual orientation
- Wrongful termination
- Sexual harassment
- Promotions and compensation
- Discriminative hiring decisions
- Conflicts of interest
- Failure to supervise employees
Please fill out the appropriate application below and fax it or call one of our seven offices for a quote.
