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Some officials at some private companies – particularly very closely held private companies – are skeptical that they need the insurance.These individuals believe they will not see any claims that would trigger the insurance.Don’t wait until your business experiences a significant D&O loss to consider this vital business insurance protection.Fill out the Contact Us form on the right or call us at (800) 350-7676.Claims against directors and officers are becoming increasingly common.Your business and its directors and officers could be sued by customers, current or former employees, competitors, regulators, creditors, vendors or even investors.But, with a corporation's filing for bankruptcy protection, the game can change in material respects.
With merger and acquisition activity rising in various sectors, combined with the expectation of a long overdue rebound in the U. IPO market, an increasing number of directors and officers will face challenges navigating unfamiliar governance requirements and exposures.
This has prompted governing bodies such as the SEC to regulate such activity through the adoption of crowdfunding rules via provisions to the JOBS Act, which came into effect in 2016.
Although beyond the scope of this article, crowdfunding practices can lead to concerns of exposing directors and officers to numerous liabilities, such as an exposure to material misrepresentations or omissions contained in such offerings.
There is a seemingly ever-growing legal threat being faced by corporate executives, fueled by the multitude of entry points with which risks can penetrate and give rise to a severe loss.
Whether a board is faced with personal exposures for the first time, navigating increasing regulatory responsibilities, or the vehicle being used to accomplish an IPO or acquisition is bringing about unique challenges, the shield provided by directors and officers (D&O) coverage design needs to remain intact in its ability to respond and insulate effectively.