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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