If you have a board of directors or governing body for your organization, Directors and Officers insurance is one insurance that can not go ignored. In a day and age where lawsuits are threatened at every turn, every organization big or small needs financial protection for their leadership group, and for themselves.
At Creative Risk Management LLC, we know how important it is for New Jersey businesses to be covered for every risk that your Directors and Officers are exposed to. It has never been more important for every business to be covered for this risk than it is today.
Directors and Officers Insurance: Lawsuits From Employees
One of the biggest sources of claims to insurance companies on Directors and Officers policies is connected to employees the business already has. The people at your table may be the ones you need this insurance for.
There are a number of reasons you may face lawsuits, or be exposed to them, in today’s business and non-profit world. These include workplace discrimination, wrongful termination, health and safety compliance complaints, or any breach of an employment contract.
That is not to say that you are guilty or already liable to these problems. But today, they are coming up more than ever before.
Directors and Officers Insurance: Lawsuits Against Employees
When you are running a business, you have a lot of things to worry about internally. Today you are looking at all the same issues from the other side of the fence. That is, you are concerned about wrongful termination, health and safety compliance concerns, breach of contract, false discrimination complaints, and more.
Your employees, directors, and officers have a duty to conduct themselves with diligence, loyalty, responsibility, and avoid recklessness. When they don’t, you have cause to file claims.
To feel protected in all of these scenarios you need the right commercial insurance policy.
Get a Quote
When you are running a business or non-profit, Directors and Officers insurance is a critical coverage for New Jersey businesses today. At Creative Risk Management LLC, we can help you design the policy you need to feel secure. Call us for a quote today.
