Error Omissions
Error Omissions
Submit your information below so we can contact you with a FREE quote
[All fields are required.]
Actual Annual Revenue:
Verify:
=
I have read and agreed to theTerms & Conditions
Error Omissions
Error Omissions

Category Archives: Directors and Officers Insurance

Steps Management Can Take to Reduce Costly Employee Errors

Most employee errors are simple work-related mistakes that can be easily fixed. However, without the proper precautions in place some seemingly-innocent employee errors can lead to costly consequences. A minuscule error such as a typo in a contract or a program’s code or a missing signature on a document can turn out to have dramatic financial repercussions for a business if left unchecked.

Many employee errors are considered the result …

Also posted in blog, D&O Insurance, Directors & Officers Insurance | Tagged , , , , , | Comments Off on Steps Management Can Take to Reduce Costly Employee Errors

D&O Considerations for Privately Held Businesses

D&O Considerations for Privately Held BusinessesSome small and mid-sized businesses may believe that Directors & Officers (D&O) Liability insurance is meant only for publicly traded firms or large companies. But this is far from the truth. Although privately held firms are not vulnerable to the exposure of securities calls actions, these businesses can still be sued, with executives being held accountable for their actions over the management of company affairs. It’s also important to note …

Also posted in blog | Tagged , , , , , | Comments Off on D&O Considerations for Privately Held Businesses

The Anatomy of Directors & Officers Insurance

The Anatomy of Directors & Officers InsuranceDirectors & Officers (D&O) insurance provides liability coverage for managers and executives at companies to protect them against claims as a result of decisions and actions they take within the scope of their duties. A D&O policy can cover the personal liability of company directors and officers as individuals, reimburse the company in the event it has to pay the claim of a third party on behalf of its managers …

Also posted in blog, Directors & Officers Insurance | Tagged , , , | Comments Off on The Anatomy of Directors & Officers Insurance

Cyber Liability: Data Breaches and Role of the CEO

Cyber Liability Data Breaches and Role of the CEOA survey of 200 directors of public companies conducted by security firm Veracode and the New York Stock Exchange Governance Services (NYSEGS) shows that corporate boards have become much more serious about data breaches and are willing to hold top executives accountable for them, as recently discussed in an article in Christian Science Monitor. This is not at all surprising considering the havoc that data breaches wreak on companies …

Also posted in blog, Cyber Liability | Tagged , , , , , , | Comments Off on Cyber Liability: Data Breaches and Role of the CEO

Directors & Officers Insurance Policy Definitions

Directors & Officers Insurance Policy DefinitionsReviewing Directors & Officers Insurance Policy Definitions

Directors and Officers (D&O) Liability insurance is needed to provide defense costs and pay for judgments against directors and officers, including board members, who are embroiled in allegations of wrongdoing connected with the business. But D&O policies are not easy, off-the-shelf products and the policy terms, scope of coverage, exclusions and available enhancements should be evaluated with a professional insurance advisor who works …

Also posted in Directors & Officers Insurance | Tagged , , , , , | Comments Off on Directors & Officers Insurance Policy Definitions

Emerging Cyber Risk for Directors & Officers Grow in Frequency

Emerging Cyber Risk for Director & Officers Grow in FrequencyRecent Conference Highlights Emerging Cyber Risk for Directors & Officers

Earlier in June of this year, we wrote about the increased importance of the role by boards of directors in cyber security, brought to light in the wake of several high-profile data breach cases such as Target, and the call from SEC Commissioner Luis Aguilar in May for corporate boards to ensure they’re taking the necessary steps to address …

Also posted in Directors & Officers Insurance, E&O Insurance | Tagged , , , , , , , | Comments Off on Emerging Cyber Risk for Directors & Officers Grow in Frequency

The Need for Corporate Boards to Oversee Cyber Security Risks

The Need for Corporate Boards to Oversee Cyber Security RisksTarget’s Cyber Security Breach Puts Greater Focus on Role of Directors & Officers

In a prepared statement Tuesday, June 10th, at an event at the New York Stock Exchange, SEC Commissioner Luis Aguilar called on corporate boards to ensure they’re taking the necessary steps to address and oversee their companies’ cyber security risks. Ensuring the adequacy of a firm’s cyber security measures “needs to be a critical …

Also posted in Cyber Crime Protection, Cyber Liability, Cyber Risk, Cyber Security, Data Breaches | Tagged , , , , , | Comments Off on The Need for Corporate Boards to Oversee Cyber Security Risks

D&O: Shareholders File Suits in More than 90% of M&A Deals

D&O Shareholders File Suits in More than 90% of M&A DealsLawsuits Underscore Importance of Board’s Fiduciary Adherence

A new report released by Cornerstone Research looked at shareholder litigation involving mergers and acquisitions deals from 2007-2013. The report cites that for the fourth consecutive year, shareholders filed suit against public companies in more than 90% of M&A deals valued over $100 million. Moreover, just last year, shareholders challenged 94% of these deals for a total of 612 lawsuits. Also, for the …

Also posted in Directors & Officers Insurance | Tagged , , , , , , | Comments Off on D&O: Shareholders File Suits in More than 90% of M&A Deals

A Board of Directors in Family Businesses Serve Vital Role

A Board of Directors in Family Businesses Serve Vital RoleBoard Members Bring Greater Accountability for Owners

Increasingly more family businesses are choosing to incorporate a board of directors in their operation. Why form a board? A board of directors can serve a vital role in helping a family company navigate its future. In addition to having access to individuals with expertise in strategy and other high-level business issues, a board can provide greater accountability to the family owners and …

Also posted in D&O Insurance, Directors & Officers Insurance | Tagged , , , , , , , , | Comments Off on A Board of Directors in Family Businesses Serve Vital Role

Directors and Officers Liability: Board Minutes Are An Important Litigation Tool

Directors and Officers Liability Board Minutes Are An Important Litigation ToolGoing Beyond Just Internal Recordkeeping with Your Board Minutes

Your company’s directors and officers are conscientious and reasonable, but in today’s litigious landscape, even they can be faced with a state or federal lawsuit.  As we discussed in one of our blogs last month, tighter regulation and federal oversight, emerging risks, and high-profile cases have put the spotlight squarely on the shoulders of directors and officers, resulting in increased litigation. …

Also posted in D&O Insurance, Directors & Officers Insurance | Tagged , , , , , , , | Comments Off on Directors and Officers Liability: Board Minutes Are An Important Litigation Tool
Error Omissions
Error Omissions
Submit your information below so we can contact you with a FREE quote
[All fields are required.]
Actual Annual Revenue:
Verify:
=
I have read and agreed to theTerms & Conditions
Error Omissions
Error Omissions