D&O

Directors and Officers of both public and closely held corporations need D&O liability insurance.  D&O liability insurance is designed to help protect both the assets of the company and the personal assets of these individuals.  D&O is intended to (a) indemnify the corporation for is loss by virtue of its obligation to fund for legal expenses and ultimate settlements in liabilities against directors and officers, and  (b) pay on behalf of directors and officers for legal liabilities nor compensable under the indemnification provision of the corporate bylaws.  D&O liability insurance helps protect the directors and officers of the company against claims alleging:

·         Disposal of corporate assets, without regard to the firm’s ability to pay for or secure the company debts.

·         Breach of contract

·         Wrongful denial or termination of credit to any customer or client

·         Violation of the anti-trust laws or unfair methods of competition

·         Violation of a loan covenant

·         Exorbitant dividend payments or profit sharing contributions which were made by the company

·         Pension, welfare, benefits disputes

·         Improper loans made to directors or officers

Please contact Joanna Brancaleoni – 800-272-7436 x33. or email jbrancaleoni@metcomexcess.com