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.

Employment Practices Liability Insurance
This is not part of workers’ compensation. If you only carry workers’ compensation insurance you are not covered for suits arising from employee allegations of wrongful termination, discrimination, retaliation or EEOC claims. If you do not have this coverage you should be worried.
Think you will never have a claim? 30% of all civil suits are employment related.
Think your company is too small, that all of your employees are like family? 40% of employment practices liability suits are against companies with 100 employees or less.
Think your policies and procedures are air tight and you will never lose a law suit? 2 out of 3 employees will win if an employment practices law suit goes to trial and 75% of employees get at least some type of compensation after filing suit.
All it takes is an allegation. Contact our office today to find out how to protect your business from Employment Practices Liability claims.

Are you covered by your workers' compensation policy for employee allegations of harassment, discrimination or wrongful termination? ABSOLUTELY NOT!

To protect your company against these types of claims a separate policy is required.  Employment practices liability coverage can be purchased on a stand-alone policy or in combination with Directors & Officers insurance.  Optional coverage for third party employment practices liability is also available  Third party coverage can protect your company from allegations made about your employees' behavior when interacting with a third party such as a vendor or a customer.