Find peace of mind with management liability coverage from a company that’s rated “A+” (Superior) by A.M. Best.* Take a look at some recent claim examples. Remember, every claim is different and coverage may vary.
*Rating affirmed December 3, 2021
D&O Coverage: Claims Scenarios
A former Executive Director filed a complaint against the company for alleged whistleblower violations and wrongful termination. The claimant maintained she was terminated after reporting alleged misuse of the organization’s funds. The matter settled for $100,000 at early mediation, with an additional $18,800 incurred in defense costs.
A company’s investor sued the company and one of its officers alleging the officer breached his fiduciary duty to the company by hiring personal connections as third-party vendors for the company in furtherance of his personal interests and to the detriment of the interests of the company. The claimant is seeking $2 million in damages, and defense costs incurred to date are approaching $200,000.