Corporations are magnets for lawsuits. There are always stakeholders that may disagree with a corporate decision and file a lawsuit against the company and its directors and officers.
Companies purchase directors and officers (“D&O”) liability insurance to protect the personal assets of their leadership. Without D & O insurance, members of the board of directors or corporate officers could be sued and exposed to substantial risk to their personal assets.
Companies expect their D & O policies to provide coverage when legal action is taken against them. Needless to say, the insureds’ expectations are not always met when it comes to insurers fulfilling their obligations. That is why it is crucial to have all claims and denials evaluated by experienced coverage counsel. LRK has extensive experience in this area and has assisted numerous companies with D&O coverage issues.
DIRECTORS AND OFFICERS LIABILITY
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