When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.
When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.
Before you join the board of a non-profit organization, it is important to understand the job of a non-profit director, your duties and responsibilities, as well as your potential liabilities.
Third-party Employment Practices Liability Insurance (EPLI) protects organizations against financial loss from discrimination or harassment claims brought against them by someone from outside the insured organization – by a third party.
Underwriters glean valuable information from reviewing the financial statement notes that helps them to assess an organization’s overall risk profile.
A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. The purpose of this article is to describe the value of D&O insurance by offering a description and claims example of each insuring agreement.
Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.
While it’s common practice for an organization to indemnify its directors and officers, doing so isn’t always possible. That’s where Side A coverage comes in.
The Duty to Manage. Any judgement as to whether or not directors or officers have acted as they should is assessed by the legal system in light of their legal duties. Have they acted as they agreed to when …
Financial statements provide valuable insight into an organization’s financial stability and expectations, management strength, and corporate governance, all of which are part of a company’s risk profile.
When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.
When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.
Before you join the board of a non-profit organization, it is important to understand the job of a non-profit director, your duties and responsibilities, as well as your potential liabilities.
Third-party Employment Practices Liability Insurance (EPLI) protects organizations against financial loss from discrimination or harassment claims brought against them by someone from outside the insured organization – by a third party.
Underwriters glean valuable information from reviewing the financial statement notes that helps them to assess an organization’s overall risk profile.
A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. The purpose of this article is to describe the value of D&O insurance by offering a description and claims example of each insuring agreement.
Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.
While it’s common practice for an organization to indemnify its directors and officers, doing so isn’t always possible. That’s where Side A coverage comes in.
The Duty to Manage. Any judgement as to whether or not directors or officers have acted as they should is assessed by the legal system in light of their legal duties. Have they acted as they agreed to when …
Financial statements provide valuable insight into an organization’s financial stability and expectations, management strength, and corporate governance, all of which are part of a company’s risk profile.
