DIRECTORS AND OFFICERS
Serving Minnesota, North Dakota, South Dakota, Iowa and Wisconsin.
Directors and officers insurance provides coverage for protection and legal defense of directors, officers, and certain other individuals associated with an organization that may be found legally liable for damages resulting from work related activities.
Though most commonly used for publicly held companies and non-profit boards of directors, this coverage can also be important for many private firms. This insurance deserves careful consideration by every private or public board of directors in America.
Most claims that this protection cover arise out of lawsuits for corporation mismanagement. CCI Underwriters, will thoroughly assess your potential risks and exposures and provide you with quotes based on your needs and exposure.
Directors & Officers Liability
Directors and officers liability coverage protects directors and officers against claims alleging negligence, errors and omissions, misstatements, misleading statements and misrepresentations.
Most organizations have a general liability policy that protects its directors and officers against negligent acts that result in bodily injury or property damage. However, general liability does not protect against alleged wrongful acts or omissions, including breach of duty, which do not result in bodily injury.
Directors and officers coverage protects your executives from potential lawsuits resulting from key decisions or management practices-lawsuits that may target their personal assets.
A comprehensive Directors & Officers liability policy can provide the following:
Insured's include
- Directors
- Officers
- Committee Members
- Volunteers
- Trustees or Employees
Comprehensive D&O Insurance can:
- Defend Prior Acts
- Defend Non-Monetary Damages
- Provide Duty to Defend Coverage
- Defend Libel, Slander & Defamation of Character
- Defend Discrimination, Sexual Harassment and Wrongful Discharge
Crime coverage can extend to those who may have access to your companies funds:
- Employee Dishonesty
- Money & Securities
- Forgery & Depository