Directors and Officers (D&O) Insurance

Is Your Small Business Protected From Costly D&O Liability Exposures?

Directors and Officers (D&O) Liability Insurance is also referred to as Management Liability.

The product covers the company and the individual directors and officers for any liability resulting from management of the company.

Here are some examples of what those D&O Liabilities could look like:

  • A shareholder action for breach of fiduciary duty
  • An employment practices claim for wrongful termination or discrimination
  • A claim brought by a creditor alleging misrepresentation

Below is a list of specific areas of D&O in which ProWriters focuses:

  • Hospitality
  • Manufacturing
  • Lawyers
  • Auto Dealers
  • Insurance Agents
  • Healthcare
  • Technology
  • Construction
  • Restaurants
  • Gyms/Fitness Clubs
  • Professional Services

If your client is a private company or not-for-profit company, D&O Liability is a serious exposure that needs to be carefully managed.

We can work with you to address your client’s exposures and provide leading-edge coverage. Choose a time to talk and we’ll work to get you or your clients covered ASAP.

Employee Lawyers

If your client’s have internal counsel, they may receive a request to carry or extend D&O Liability coverage for them. This protects their lawyers and their company while they provide the services required.

This does not prevent a third party from bringing a claim against their company, but that’s where this coverage steps in.

If you employ lawyers and want to make sure you’re properly covered, schedule a call right now and we can help you figure it out.

Employment Practices

Employment Practices Liability Insurance (EPLI) may seem like a discretionary purchase, but the claims in this space can be extremely costly, even if you or your client owns a small business.

Claims may include:

  • Wrongful termination
  • Harassment
  • Discrimination
  • Failure to pay overtime wages due

These exposures can turn into large claims. Even if you’re defending yourself against an unjust claim, the costs can run high.

Due to the costly nature of these claims, many insurers have stopped offering wage and hour coverage. But we can help you find the markets that do offer the coverage.

In fact, we have a specialist specifically for that purpose. If you need EPLI coverage, or have any questions about the potentially costly exposures you’re facing right now, schedule a call to discuss EPLI right now.

Fidelity Bond / Crime

Fidelity Bond or Crime Insurance can be an important part of your Management Liability Insurance Program and may be purchased as a stand-alone product.

Crime coverage can cover your client for:

  • Employee theft
  • Theft of clients’ property
  • Computer and fund transfer fraud or social engineering events
  • Forgery of checks and credit cards

Fraud losses can occur over a long period of time making them easy to miss. Schedule a call today and we can get your client covered.

Fiduciary Liability

If your client offers an employee benefit plan, they have a Fiduciary Liability exposure.

Claims can arise out of the management of these plans for accusations of alleged improper investment or insufficient funding.

If you have 15 minutes today, schedule a call and we can make sure your client gets the coverage they need.

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We are your Professional and Management Liability coverage experts. Call us today to discuss your clients' needs and coverage concerns.

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