Directors and Officers Insurance
Due to the sharp rise in lawsuits from within companies regarding faulty governance and decision making, a whole new area of vulnerability for companies has developed.
Consider these facts:
- Directors can be held personally liable for decisions made on behalf of stockholders, employees and investors
- A dramatic increase in the number of wrongful termination, sexual harassment and discrimination lawsuits has resulted since the early 1990’s with the passing of the Americans With Disabilities Act of 1990, the Civil Rights Act of 1991 and the Family and Medical Leave Act of 1993
- Employment practices lawsuits make up the single largest type of claims under D&O policies. More than 50% of D&O claims are related to employment practices.
Matich | Vukovich will help you understand exactly what your vulnerabilities are as a business owner with regard to D&O so you can offer potential directors and officers the peace of mind they need to join your team.