Leading a business comes with its share of responsibilities—and risks. In a landscape where commercial disputes, employee claims, and regulatory interventions are increasingly common, it’s crucial to protect your directors and officers from the financial consequences of such situations.
A simple misjudgment, a misinterpreted decision, or a clumsy communication can lead to costly lawsuits, even if the intent wasn’t malicious. It only takes a complaint from a former employee or a dissatisfied supplier for a director’s personal liability to be called into question. Directors and officers (D&O) insurance acts as a line of defense for those making strategic decisions on behalf of the company.
The experts at J. Gérard Fortin & Associates assist you in implementing tailored coverage, providing the peace of mind necessary to lead without fear.
Directors and officers insurance isn’t a one-size-fits-all product; it encompasses various protections addressing specific situations. It’s essential to assess the unique risks of your organization, industry sector, and board composition.
At J. Gérard Fortin & Associates, we help identify the relevant coverage areas to ensure comprehensive protection.
Covers defense costs and settlements arising from personal claims against management members.
Extends protection to directors serving on other boards at your company’s request.
Covers claims related to wrongful termination, harassment, discrimination, or other workplace conflicts.
Protects individuals managing retirement plans or other employee funds.
Covers errors or omissions in professional services provided by the company.
Offers protection in case of environmental liability, such as soil or water contamination incidents.
Covers certain punitive damages when permitted by law and policy terms.
Yes, many policies offer retroactive protection for actions taken during a former director’s or officer’s tenure, even after their departure. It’s essential to verify the specific retroactive terms.
While not legally required, D&O insurance is highly recommended for companies of all sizes to protect their leadership from potential personal liabilities.
Yes, D&O insurance can be integrated with other business insurance policies to provide comprehensive coverage tailored to your company’s needs.