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Directors & Officers Liability

Are you properly covered?

Many companies fail to either point out or mention exclusions that may be on your policy that affects your coverage.  For example, the Major Shareholder Exclusion.  This states that “the insurer shall not be liable to make payment for any loss against any insured which is brought by (I) individuals or entities that own or control 5% or more of the outstanding stock of the company; or (II) security holder of the Company.”  Have you had your Business Risk Assessment?