Do you sit on a board? Are your personal assets fair game? It doesn't matter if your business is traded on an exchange or locally owned, lawsuits can cripple any organization that is unprepared. Even a small electronics company can face a $1,500,000 claim. We are a big fan of the Travelers Canada hidden risk videos because they break down complex topics by giving simple examples. Did you ever think about lawsuits from vendors, customers, employees, competitors or government regulators?
Working with public and private companies to monitor these risks can be tricky. This is why it is important to work with an experienced team who understands your industry and potential exposures to make sure you are covered. Have you reviewed our Directors and Officers Insurance Guide?
Here are some key take away's from the video:
Don't let Directors and Officers liabilities be a mystery to you. Find an insurance broker who has access to the insurance companies you need to adequately protect your people and your business.
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The Base Team
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