As a board member you can be held liable for your decisions and actions. Directors & Officers insurance provides coverage for management decisions for both privately held and non-profit organizations. A Directors & Officers policy can provide coverage for multiple exposures, including the following
- Excessive compensation arrangements and insufficient reports of compensation committees.
- Corporate acquisitions that would result in a loss of corporate assets.
- Allegations regarding possible libel or slander.
- Inefficient management resulting in losses.
- Neglecting to qualify corporation in other states where it does business.
- Selling or transferring corporate assets for inadequate consideration.
- Paying dividends that may be either inadequate or excessive.
We can also combine Directors & Officers with Employment Practices Liability and Fiduciary Liability. Feel free to reach out with any questions.
