If you are serving on a board, committee, commission, task force or agency, you could be held personally liable for the outcomes of the group. In case the organization is sued, not only the business is at risk. Board members’ personal assets may be in jeopardy. Providing Directors and Officers insurance protects the people who choose to lead your organization and will attract other high-quality members once they know they are in good hands.
Scenario 1: You sit on a board of a school and collectively make a decision that a group of parents disagree with. In a legal case, your personal assets could be at risk.
Scenario 2: Your company acquires talent from another business and starts to promote a similar product. The business sues you for potentially stealing their intellectual property rights.
Speak with one of our award-winning insurance brokers about how to provide personal coverage for the leaders in your organization. Sharp Insurance is equipped with the knowledge and expertise to ensure you can carry out your important contributions while maintaining the safety of your personal and professional assets.
Speak to one of our brokers about the following risks:
Variability with shareholder actions
Decisions made by a group member that does not have authority
Reporting material that has errors
HR and Employment issues
Misrepresentation of a client or group
Failure to comply with regulations or laws
Inaccurate disclosure (such as profitability, for instance)
What is not covered?
Criminal acts, fraud, or non-compliance
Talk to one of our brokers today to discuss your business or voluntary efforts. We will provide you with the best coverage at great prices so you can continue to do what you do best on a daily basis.