Directors & Officers Insurance

Directors and Officers Insurance is often used for similar reasons as Professional Liability: to protect the assets of the company and help monitor and provide defense costs associated with responding to investigations and lawsuits.  In addition to these reasons for purchasing Directors and Officers Insurance, companies also purchase coverage to provide reimbursement for personal assets of the company's directors and officers and to the organization to indemnify Directors and Officers for their losses.

Here are some sources for Directors and Officers Claims:

Anti-trust Copyright/Patent infringement Business Interference Competitor disputes Extension, refusal of credit Debt collection Deceptive trade practices Contract dispute Mergers/Acquisitions Financial Performance Executive compensation Stock or other offerings Prospective company acquisition

Company defamation Tax issues Regulatory/other government issues Restraint of trade Dishonesty Cost, quality of product or service Lender Liability Conflict of interest Bankruptcy Inadequate/Inaccurate disclosure Financial Reporting

 

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