Directors and Officers and executives have a fundamental responsibility to their stakeholders to operate in the best interest of the organization.
D&O coverage protects against allegations that leadership breeched those duties while serving on a board of directors and/or as an officer and for subsequent claims arising from managerial decisions that have adverse financial consequences.
Claims from stakeholders of an organization can include allegations of fraud, quality of products, negligence, and conflict of interest, breach of contract, financial mismanagement, and self-dealings. Claims can also surface from non-stakeholders such as competitors through claims of deceptive trade practices, market manipulation or intellectual property infringement.
- Optional employed lawyers and crisis management sublimit built into policy and dec page.
- Pre-claim expenses.
- Scientific advisory board
- General Partner coverage
- Advancement within 60 days