Lawsuits against Directors and Officers are increasing at an alarming rate. There is no doubt that many firms are managed by people who have good motives and high standards. However, we live in a litigious society that uses the court system to define right and wrong. Even if you did everything right, managers and boards can be sued and you must defend yourself. Claims can come from.
Claims can come from customers, creditors, the government, donors and others.
Claim Examples:
- A former employee of a construction company sued the managers and board for allowing a hostile work environment. The former employee alleged a supervisor had told repeated sexual jokes. After repeated reports to management, the employee quit and hired an attorney. The case settled for $58,000.
- A woman sued a publishing company failure to promote any female workers. The investigation and legal fees exceeded $42,000 before the suit was dropped.
Directors & Officers Insurance is an effective solution for the risks facing organizations. Our products and services are designed to fit the needs of our clients business. Our insurance policy protects directors, officers, employees, volunteers, committee members, trustees and the organization itself.
No matter the type of company being run or the size, having directors and officers liability insurance can benefit the company in many ways. Denver is a fast growing city, and home to some of the largest corporations in the United States.
DCInsurers – Mountain is proud to help the people and businesses of this booming region get the coverage they need in order to achieve success. Talk to one of our commercial insurance brokers and see why we are the number one independent insurance agency in Colorado. Either online or over the phone, we can help you find the coverage you need at the price you deserve.
