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Does your company have directors and
officers? If so, you need
Directors and Officers (D&O)
insurance.
What is D&O Insurance?
D&O insurance provides coverage for
alleged or actual breach of duty,
neglect, error, misstatements,
misleading statements, omissions, or
acts.
Individual directors and officers
can be held personally liable for
the decisions they make so the
stakes are high. Even if a
claim is unfounded, defense costs
can create a substantial financial
burden for the company or for the
individuals themselves if indemnity
is not available.
Often, coverage is also available
for the corporate entity for
securities claims.
Questions to consider:
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Q:
Did you realize your Board Member’s
personal assets are at risk?
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Q:
If a qualified individual agrees to
serve on your board, do you not owe
them protection against personal
liability for their decisions on
your behalf?
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Q:
Are you aware that 10% of all awards
in cases involving Discrimination
and Wrongful Termination exceed $1,000,000?
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Q:
Did you know statistics show an
Employer is more likely to have an
employment claim than a Property or
General Liability claim?
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Sample Claim and Settlement
Information:
Securities offered through Purshe
Kaplan Sterling Investments, Member
FINRA/SIPC, Headquartered at 18
Corporate Woods Blvd., Albany New
York 12211.
www.finra.org
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