10 Solid Reasons your Clients need D&O

#1 Involvement in day-to-day operations makes private company directors and officers particularly vulnerable to claims brought by employees.

#2 Third-party discrimination claims, brought by customers and clients, are increasingly common.

#3 D&O insurance from a quality insurer can take private companies through their IPO and into public ownership well protected.

#4 Complex claims brought by competitors, such as anti-trust and unfair competition claims against directors and officers, can generate sky-high defense and settlement costs.

#5 Investigations by government and regulatory agencies can generate enormous Defense costs – – even if no wrongdoing is found.

#6 Company assets can be closely tied to the personal wealth of directors and officers, making protection for claims brought solely against the company vital.

#7 When the company cannot indemnify its directors andofficers in D&O claims, D&O insurance can step in instead.

#8 Shareholders of private companies frequently sue for inadequate or inaccurate disclosure in financial reports and statements made in private placement materials.

#9 D&O insurance can protect the personal assets of a director’s or officer’s spouse, as well as the assets of a deceased director’s or officer’s estate.

#10 With D&O insurance in place, management can focus on managing the company rather than managing protracted litigation