Business leaders and board members face extraordinary risks in the everyday running of a business. Decisions need to be made every day that balance a corporation’s needs with internal and external stakeholders demands, as well as society’s laws and regulations.

When decisions are made that are deemed wrongful, legal demands can be made against the corporation and its executives that are difficult and expensive to defend. Major allegations can run for years with eye-watering legal defence costs and settlements. Even minor allegations, which may appear frivolous on first review, can prove difficult to quell without substantial time and effort spent to properly investigate and respond.

A well-rounded executive risk solution is needed to properly protect the corporation and its executive team from such allegations. Such review will include consideration of the following coverages:

• Directors & Officers (D&O) Liability
• Employment Practices Liability (EPL)
• Commercial Crime / Embezzlement
• Fiduciary Liability

Executives need to fully understand how crucial the above classes of insurance are crucial to protect the company balance sheet, and personal assets of the executive team.