Tag Archives: Directors & Officers

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 …

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D&O and E&O Insurance: What’s the Difference?

D&O and E&O Insurance: What’s the Difference?

On the surface, it can be tough to tell the difference between directors & officers (D&O) and errors & omissions (E&O) insurance. Both policies, at their core, are designed to safeguard a business against losses from claims of negligent or malicious acts. However, this does not mean that the two policies are interchangeable. That is a common misconception, but the two policies each have distinct areas that they cover, and

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What to Look for in Directors & Officers Liability Insurance

What to Look for in Directors & Officers Liability InsuranceDirectors and Officers (D&O) Liability insurance is a complex coverage and requires expert evaluation of a company’s operations and exposures in order to purchase a policy that is designed to respond to your specific needs. Following are some of the key factors to review when looking at D&O insurance.

  • Are your D&O limits in sync with your risk profile? This requires looking your firm’s financial strength and risk tolerance
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Director & Officer Initiatives Involving Cyber Risks

Help Minimize Potential for D&O Lawsuits Resulting from Cyber AttacksHelp Minimize Potential for D&O Lawsuits Resulting from Cyber Attacks

On several occasions we’ve discussed the emerging risk of cyber for directors and officers and the need for executives and a company board to take the necessary steps to address and oversee their companies’ cyber risks. Although there is no case law outlining the extent of a director’s duty of care with respect to data security, it’s becoming increasingly more …

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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 …

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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. …

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Increased Litigation, Tighter Regulation and Enforcement Affecting D&O Insurance Market

Increased Litigation, Tighter Regulation and Enforcement Affecting D&O Insurance MarketD&O Insurance Critical for All Businesses, Entities

A litigious environment, increased federal regulation and oversight, and several high-profile cases with far-reaching implications are impacting the Directors and Officers (D&O) Liability insurance market for small (up to $300 million) to mid-capitalized (between $300 million to $2 billion) businesses. Insurance underwriters are taking a stricter and more disciplined approach to evaluating risks and it’s projected that rates, which began to firm slightly …

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What is Directors and Officers Insurance

What is Directors & Officers Insurance

What is Directors and Officers Insurance?

Directors and Officers insurance (D&O) is designed to protect a company and its leadership (directors and officers and key executives) against the potential consequences of alleged wrongdoings, such as financial mismanagement, misappropriation of funds, and negligence. A directors and officers policy can pay legal fees, damages, agreed-upon settlements, and some civil penalties. Depending on the policy, you may also get help for investigative costs.…

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Directors & Officers: The Job Act and D&O Insurance

Directors & Officers: The Job Act and D&O Insurance

Signed by President Barack Obama in April, the JOBS Act (Jumpstart Our Business Startups Act) is aimed at giving start-ups and small businesses more access to capital. The Act’s purpose is to provide an “on-ramp” for private companies (Emerging Growth Companies – EGCs) seeking capital by, in part, making the IPO process less burdensome and the transition to public ownership easier.

EGCs can now elect to submit their IPO registration …

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