Directors & Officers Insurance
We live in a society in which we depend upon individuals to volunteer, or fulfill their duties as corporate leaders as Directors & Officers of various for-profit, and not-for-profit organizations. In doing so, however, they may be held responsible for actual or alleged wrongful acts, errors or omissions. According to a recent survey, the number of suits filed against directors and officers of for-profit and non-profit organizations is rising at a rate of 15% to 20% annually. These claims can threaten the financial security of the individual director or officer as well as the organization they serve.
Many corporations feel the need to purchase directors and officers' liability protection in order to attract and retain competent directors and officers. D & O coverage is intended to protect individuals and companies against allegations involving breach of fiduciary duty, inadequate disclosure, violation of anti-trust laws, deceptive trade practices, as well as others. Your specific exposure should be thoroughly discussed with your agent for proper coverage.
Contact the experienced independent agents at Clark-Mortenson to discuss your specific Directors & Officers insurance needs. Our offices are conveniently located in Keene & Claremont, NH, and Brattleboro, VT.