Executive Liability
Protection Against A Spectrum of Allegations
Directors & Officers face the risk of being held personally liable for the decisions they make in the course of managing the business, regardless of the size or type of company. You can face new and untested exposures to lawsuits by other shareholder, competitors, or other parties. Additionally, with the introduction of Bill 198 and the rapidly changing nature of performance standards, it is almost impossible to predict how the law will respond to certain situations.
Many different types of suits can be brought against Directors and Officers:
- Derivative Action, brought by shareholders on behalf of the corporation.
- Representative Action, brought by shareholders against the Directors & Officers on their own behalf.
- Third Party Action, brought by individuals outside of the Corporation such as officials, regulatory authorities, competitors or other parties.
The spectrum of allegations is enormously broad and could include:
- Misleading representation
- Misstatement of financial condition or lack of good judgment
- Failure to act
- Failure to disclose
- Mismanagement of funds
- Breach of contracts
- Mergers and Acquisitions
- Antitrust violations
- Failure to remit unpaid wages and taxes
- Acts beyond granted authority
- Wrongful dismissal Discrimination
Your team of Executive Risk specialists, at Jones DesLauriers, can custom design a plan that offers protection against a vast spectrum of allegations including misleading representation, breach of contract, failure to act, wrongful dismissal, mergers and acquisitions. Regardless of your requirements, we offer customized insurance and risk management solutions to address your needs.
If you are interested in this type of coverage please connect with us.