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Robert W Schmidt & Company e-Newsletter
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Robert W. Schmidt & Company
155 S. Executive Drive, Suite 204
Brookfield, WI 53005-4219
Toll Free: 800-361-4011
Phone: 262-790-4011
RWSins@RobertWSchmidtCo.com

Atomic8Ball e-Newsletter

FOR-PROFIT & NON-PROFIT DIRECTORS & OFFICERS LIABILITY, EMPLOYMENT PRACTICES LIABILITY AND FIDUCIARY LIABILITY

FOR-PROFIT COMPANIES

Why you need D&O, EPLI and Fiduciary Liability:

  • Directors and officers can be held personally liability for their decisions. The only protection between a claim and personal assets may be a D&O policy.
  • Average total cost of a D&O claim for a private company is $310,000 (settlement/judgment + defense).
  • 39% of private companies with 25 or more employees have experienced a D&O suit in the past 5 years.
  • Private companies are sued by their employees, shareholders, investors, competitors, suppliers, customers and lenders.
Smiling Man

Coverage Features (these may vary by carrier):

  • Punitive Damages, where insurable by law, included automatically
  • Separate limits of liability for D&O, EPLI and Fiduciary Liability available
  • Third Party Discrimination Coverage option
  • Unlimited Extended Reporting Period for Former Directors & Officers
  • Individual Director or Officer Payment Protection ("Order of Payments")

NOT-FOR-PROFIT COMPANIES

Why you need D&O, EPLI and Fiduciary Liability:

  • Immunity does not prevent an organization from being sued.
  • Immunity typically applies to volunteers, not to paid employees or the organization itself.
  • Employment-related laws are the same for any type of organization.
  • Over 90 percent of the claims against non-profit organizations are employment practices related.
  • These employment practices claims include wrongful termination, third party sexual harassment and third party discrimination.
  • Nearly 85% of non-profit organizations have an annual budget that is less than the average cost to defend a claim closed by litigation.

Coverage Features (these may vary by carrier):

  • Separate limits of liability for D&O, EPLI and Fiduciary Liability available
  • Lifetime occurrence reporting provision for former directors and officers
  • Punitive damages, where insurable by law, included automatically
  • Third party harassment and third party discrimination coverage
  • Coverage for both monetary and non-monetary claims
  • Coverage for outside directorship liability
  • Data & Security+ Endorsement - $50,000 sub-limit for data breach, identity theft, workplace violence and kidnap expenses plus free identity theft services for directors and officers who become victims of identity theft
  • Sublimit for excess benefit transaction taxes

ADDITIONAL ADVANTAGES OF BOTH POLICY FORMS:
A.M. Best rated "A" or better carrier
Quick quote turnaround
Broad Protections for individual directors and officers

INSURE YOUR RISKS WITH A STABLE COMPANY
THAT WILL BE THERE TO PAY YOUR CLAIM!

Need a quote? We'll get it to you fast!
Check out our website or give us a call for an application today!