D&O

There are several types of D&O policies currently available and they are generally separated into three categories: Public Company, Private Company and Non-Profit Entities

Public Company D&O has attracted a tremendous amount of attention in recent years. This stems from the ever changing regulation of public companies along with numerous high profile failures. Many of the allegations facing directors and officers emanate from actual or alleged accounting irregularities (including restatements) and securities fraud. With Public D&O coverage, the entity is generally covered for only SEC related matters. Mergers, acquisitions, or divestiture activities heighten the risk of a potential claim.

Private Company D&O is generally written in conjunction with Employment Practice Liability Insurance. The policy usually extends to provide entity coverage to most types of claims, and provides coverage to the employees of the corporation as well. About half of all claims filed against privately held companies will stem from employees alleging an Employment Practice violations. The rest of the claims are brought by shareholders, customers, suppliers, competitors and even governmental bodies.

Non-profit D&O has a similar structure to a Private Company Policy, but can also extend coverage to committee members and volunteers. Claims against non-profit directors and officers come from donors, employees, service recipient vendors, competitors and governmental bodies. Litigation can be costly and become a financial burden to the non-profit entity.

WHY KRAUTER D&O?
Krauter & Company’s Management Liability Group has extensive experience placing D&O coverage for each type of program. Many Krauter team members have professional experience as underwriters, offering clients a unique perspective and benefit to program placement.

MORE INFORMATION? CONTACT US.
For more information about Krauter & Company’s D & O capabilities, send your request to: info@krautergroup.com

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