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Public attitudes are changing. Legislators and the courts are making directors and officers personally liable for good corporate governance. This presents new and significant risk to the personal assets of individuals who serve in these roles.

The increase in number and magnitude of legal actions against Boards of Directors and corporate officers has precipitated demand for Directors & Officers Insurance from all sectors of public and private business, industry and not-for-profit organizations.

Types of events that could lead to a claim

• Misleading representations
• Neglect or breach of duty
• Breach of contract or copyright infringement
• Unpaid wages
• “Oppressed” shareholders creditors or employees
• Unpaid taxes
• Conflict of interest
• Improper dividend payments
• Improper issuance or repurchase of shares
• Take-over defenses
• Breached debt covenants
• Failure to ensure the corporation meets its financial obligations
• Wrongful Dismissal

Sources of Legal Action against Directors & Officers

• Shareholders
• Employees
• Governments
• Creditors
• Competitors
• Regulatory Authorities
• Derivative action suites
• Class action suites
• Other third parties

Delsan Group is there to service your needs in Commercial & Personal lines insurance.

For more information, contact the Delsan Group.