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Directors & Officers Liability

Directors & Officers – Management Liability – Employment Practices

Please print and fill out our application for D&O Liability

Protects Directors and officers, employees and volunteers, past and present from suits alleging wrongful acts or breach of duties. Your coverage should include:

• Defense costs outside or in addition to the limit of liability
• Duty to defend
• First Dollar Defense

Directors & Officers coverage often includes Employment Practices Liability Insurance or (EPLI)

Employment Practices Liability Insurance provides coverage for damages arising out of employment related events such as actual or alleged Discrimination, Harassment, Retaliation, Workplace Tort, Wrongful Employment Decisions or Breach of Employment Contract. Coverage is also available to extend to allegations of discrimination or sexual harassment brought by a Third Party, committed or allegedly committed by an Insured Person.

Fiduciary Liability

Fiduciary Liability covers liability arising out of an employer’s administration and management of employee benefits plans, including retirement and pension plans.

ERISA Coverage

Necestiated by the Employee Retirement Income Security Act of 1974. All pension plan trustees and anyone else who handles pension funds must obtain a fidelity bond protecting the plan in the event of embezzlement and theft. This bond does not provide coverage in the event poor investment choices result in losses. The amount of the bond must be at least 10% of the pension plan’s assets or $1000, whichever is greater.

Miscellaneous Professional Liability

General Liabilty and Directors & Officers coverage specifically exclude bodily injury or property damage arising out of professional services. If your organization performs a specific professional service, be it legal, medical, or a combination thereof, you should consider coverage that will protect you for suits alleging wrongful acts or failure in the performance of those duties.

Miscellaneous Professional Liability, also referred to as Errors & Omissions or Malpractice is another critical element in a well designed program.

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Insurance coverage is not a commodity and it is certainly not the only or the most important component in a well designed risk management program. Choose Cooley & Darling Insurance Agency to be your broker before you make the decision to buy insurance. Choose us because we’ll make sure your needs are met and your expectations exceeded.

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