Directors and Officers Liability Insurance

Directors and Officers Liability Insurance covers the following “wrongful acts”:

  • Failure to fulfill a promise
  • Misrepresentation of financial statements and company assets
  • Breach of trust, such as misappropriation of funds
  • Breach of fiduciary duty, resulting in wastage of corporate assets, financial losses, or bankruptcy
  • Insider trading
  • Fraud
  • Breach of authority, such as entering into an agreement without authorization
  • Lack of corporate governance
  • Theft of intellectual property
  • Poaching of competitor’s customers
  • Unfair trade practices
  • Illegal dismissal, failure to promote, sexual harassment, discrimination, and other violations of employment

What are the information/documents needed for Directors and Officers Liability Insurance? 

  • Company Name 
  • Nature of Business
  • Names of Directors and Officers
  • Broker of Record (BOR) – form will be provided by Trinity
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