Directors and officers of privately held companies may not think they need the same insurance that large, publicly traded companies have, but they face many of the same risks. They can be exposed to personal liability and financial loss arising out of the actions or decisions made in their capacity as a director or officer of the company.
Lawsuits may include allegations of mismanagement, theft of or infringement on intellectual property, trademarks or patents, or claims may arise out of bankruptcy or merger and acquisition activity.
Directors and Officers Insurance is designed to protect not only the personal assets of directors and officers of privately held companies in the event they are the target of a claim or lawsuit, but also extends to the entity itself.
Monitor provides comprehensive coverage that meets the needs of the privately-held company and its directors and officers.