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DIRECTORS AND OFFICERS LIABILITY INSURANCE CLAIMS & LITIGATION

DIRECTORS AND OFFICERS LIABILITY INSURANCE CLAIMS & LITIGATION

The wise decision of a company to purchase Directors and Officers Liability Insurance (D&O Insurance), to protect the individuals involved in governing the company, can be undermined when the insurance company challenges or denies a claim made under that policy.

D&O insurance typically protects officers and directors from a variety of claims, including, but not limited to:

  • Allegations that the officer or director exceeded their company authority
  • Shareholder suits regarding company performance or share performance
  • Claims by creditors or investors involving mismanagement or breach of fiduciary duty
  • Claims of violations of laws or regulations
  • Claims regarding misrepresentation in a prospectus
  • Employment practices claims
  • Cyber liability claims

When the insurance company disputes or denies these claims, officers and directors are faced with the specter of dealing with the defense of the underlying claim, along with a legal battle to force the insurance company to honor its obligations under the policy.

That is when the team at Schwartz, Conroy & Hack will assess the liability of the D&O Insurance Company and determine whether it is appropriate to force it to honor its obligations under the policy. Insurance companies often take liberties or make corporate determinations that are not consistent with the insurance policy terms. We don’t let them get away with it.

The attorneys at Schwartz, Conroy & Hack have successfully litigated D&O insurance claims for more than 15 years. Let us help your directors and officers make the insurance company keep its promises.