You work hard to earn your prized valuables. Without a strong insurance plan, however, your possessions could be destroyed during an emergency without you receiving monetary compensation. Taking the time to develop an insurance policy for assets such as your home, car, artwork and business is crucial if you want to ensure that you will…
Anyone can bring a lawsuit against a non-profit if it is believed the organization is not following its principles in its operation. Frequent causes of legal action are conflicts of interest and using donations for other than their intent. Accusations can be costly, and a damaged reputation can quickly result in lost donations. A popular…
Especially with insurance, the product is only as good as the provider. Therefore, when selecting insurance to cover directors and officers for private companies, there are a few characteristics and traits that you should be looking for. Notoriety – A quality insurer will have some notoriety to back them. They should be known within their industry…
Directors insurance safeguards members of boards of directors from legal problems related to things including: Misappropriation of organizational funds Crimes Employee accusations Mismanagement of duties There are several pervasive myths about this type of insurance, and they sometimes make people delay taking out policies. It’s Only Necessary for Publicly Traded Companies Although a director associated…
Reports have noted a rise in liability claims against businesses. You may hope for it not to happen, but there is a chance that your company could face a lawsuit should a client feel slighted. In such an occurrence, having the right director and officer insurance in place is very important. Protect Your Directors As…
Directors and officers insurance, or D&O insurance is essential to protecting the leaders of a company. These individuals hold vital roles in any business, so protecting them is critical to the lifeblood of the company. As such, when selecting your D&O insurance, there are certain characteristics that you should look for within your provider. Longevity…
Directors and officers liability insurance proves valuable when directors and officers are sued for alleged wrongful acts. Policies provide these professionals with comprehensive financial protection. When faced with costly claims, directors and officers rely on liability insurance to assist them in the payment of legal fees. The Importance of D&O Liability Insurance Most liability claims…
While it may seem unlikely, board members of non profit companies run the risk of incurring great personal liability should a lawsuit be brought against them. That’s why securing a suitable directors and officers for non profit companies policy is to important to those entities involved in not-for-profit work. A D&O policy will protect trustees…
If you run a business and are new to the many kinds of insurance your business needs, you may find yourself asking: What is D&O Insurance? This is a good question with an important answer, particularly for businesses seeking to minimize their liability. It is a great idea to learn as much as possible about…
Educators, school administrators, and other specialists who work in an educational institution are not of the hook when it comes to being sued for alleged mishaps. Directors and Officers for Educators, also known as D&O Liability Insurance, protects those who play an influential role in educational institutions from financial ruin that may result from being…