If you are a director or officer of a business or organization, you are exposed to personal liability for wrongful acts arising out of your management activities, whether the corporation is public, private or a non-profit.
General liability insurance does not protect you against suits or claims alleging monetary damages from management malfeasance. Increasing economic pressure and public awareness have resulted in a significant spike in claims against directors and officers. The purchase of directors and officers liability insurance is a critical tool in protecting your personal assets.
Tegner-Miller Insurance Brokers works with the many financially strong directors and officers liability insurers and will work with you to develop the right plan for you and your company.