In today’s onerous regulatory environment, corporate directors and officers face unparalleled scrutiny, with personal accountability never greater. If not properly designed, a management liability policy could place a manager or board member’s personal assets at risk. Moreover, since every D&O policy is different, We work with you and our carriers to ensure that your coverages are reviewed and customized to specifically meet your individual risk profile.

 

Recent regulations, including the Sarbanes-Oxley Act of 2002, have exposed publicly traded corporations and their boards to increased exposure. Accordingly, , the personal assets of your directors are at a greater risk than ever before. If you are a public company, or about to engage in an upcoming IPO, we can help guide you. Please contact us to discuss the adequacy of your existing Management Liability Program.

If you are privately held, your company may still be subject to public scrutiny. Employees, shareholders, employees, customers, suppliers and others can bring legal action against you. While some protection is provided to board members and employees through a corporate shield and broad by-laws, the protection may not be adequate. 

 

Legal action may also be brought against nonprofit organizations and their boards, with litigation being costly and time consuming. In the event of an organization’s insolvency following such litigation, the financial burden may be placed on its directors and officers. We can work with you to develop a Nonprofit D&O policy that is both affordable and comprehensive.

 

Side-A provides personal liability coverage to Directors & Officers for claims alleging wrongful acts when the company is unable to indemnify them legally or financially. Without this coverage, directors and officers personal assets can be at risk. This coverage is not usually subject to a retention or deductible.