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Directors & Officers (D&O) Insurance

from Robert Bell Insurance Brokers

Many officers say the corporate structure will protect them, or D & O insurance is for publicly held corporations. D & O Insurance premiums have remained competitive for all buyers. The number of insurers interested in D&O insurance has grown. You can secure meaningful limits at affordable pricing through Robert Bell Insurance Brokers. Many CEO’s and COO’s think that their General Liability insurance will cover D & O exposure. Robert Bell Insurance Brokers can provide your company with a quote for D & O insurance, call us today.

Here are some of the kinds of claims that can occur

We also know that humans are prone to making comments that can be viewed as inappropriate by a coworker whether intentional or just a poor choice of words. Occasionally, a poorly phrased comment or two can lead to harassment allegations. Whatever the reason, Employment Liability claims are on the rise.

  • Shareholders - claiming misrepresentation, breach of duty with respect to distribution of profit, or sale of the corporation. This could include ex-spouses.
  • Breach of loyalty -with respect to agreements between other directors or companies. Claims also come from family members of shareholders through divorce or death.
  • Claims by competitors or customers for misrepresentation, over-stating product performance or by financial institution for miss-stating financial information.
  • Claims by the government have increased especially by the SEC for not properly following rules and statues.

Claim Examples

A director of medical supply company was sued, along with his company, for allegedly misappropriating trade secrets. $200,000 was spent on defense costs and the case was settled for $400,000.

The estate of a recently passed director sued the other directors for recent company poor performance. Claim settled for $750,000.

A company recruited a top sales person from a competitor who had an employment contract. The competitor sued for damages after losing its top producer. Defense costs were $250,000 and case was settled for $560,000.

The corporate documents & Statutes won’t always protect your directors and officers from litigation costs and potential damages. Many claims can’t by law be indemnifiable through the corporation. Robert Bell Insurance Brokers understands that a key to our success has been the ability to recognize the special risks that our customers face.Call us today, we can provide a quote for you.

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605 E Alvarado St #200
Fallbrook, California 92028
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