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DIRECTORS AND OFFICERS |
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A note to executives: Having a corporation indemnification agreement does not mean you’re relieved from liability. Indemnification agreements are full of gaps. Many are imposed by legal restrictions, leaving an executive to face the reality of personal liability concerns.
Directors and Officers policies are necessary for executives of any corporate entity – whether private or nonprofit, large or small. The policy protects executives by providing for monetary protection should claims be brought by shareholders, employee regulators and other third parties for a wide range of allegations, including:
- Negligence
- Unfair trade practices
- Wrongful interference with a contract
- Breach of fiduciary duty or mismanagement
- Misrepresentations
- Antitrust
- Consumer protection violations
*Not all Directors and Officers policies are equal in coverage or scope. Select a broker qualified to help you through the process of securing the policy language that thoroughly covers your executive exposures. The specialists at First MainStreet Insurance are here to help you navigate this potentially dangerous minefield. Contact us today for more information. |
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