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Now more than ever, the decisions
that you make on behalf of an organization, charity, or non-profit can put your
personal assets at risk.
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Corporate directors and officers are routinely named in litigation stemming
from any number of situations. Chomko Insurance Services can provide you with a
Directors and Officers (D&O) insurance plan that will protect you when you need
it.
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If you think that you have no exposure simply because you are working for a
non-profit? Think again.
It is becoming more common for directors to require that an organization
purchase D & O liability insurance before they serve on its board.
Actions brought against directors and officers based upon actual or alleged
wrongful acts arising from the execution of day to day duties and/or
management functions can lead to a D & O claim.
Directors and Officers liability insurance protects the personal assets of
directors and officers from catastrophic financial loss in the event of such a
claim.
Directors and Officers (D & O) insurance can protect you from:
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Employee Actions; such as gender discrimination, sexual harrassment, and
wrongful termination.
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Shareholder allegations of misconduct.
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Customer claims of improper debt collection and deceptive trade practices.
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Competitors leveraging federal anti-trust statutes.
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Lender or Creditor action.
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Government anti-trust, fraud, tax, and civil rights litigation.
In 2003, the top 10 insurance
carriers wrote more than 68% of Directors and Officers Insurance. Chomko Insurance Services partners are listed in bold.
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| Insurer Group |
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2001 |
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2002 |
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2003 |
AIG
Chubb
XL
Lloyd's
Hartford
Ace
Aegis
Travelers
Zurich
CNA
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28.9%
22.3
1.1
10.9
1.6
1.6
3.7
2.7
3.5
3.1
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24.9%
11.6
0.6
5.5
3.2
0.9
4.3
2.6
2.2
2.6
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21.7%
14.4
6.7
5.7
4.8
3.5
3.4
2.9
2.7
2.7
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GET A QUOTE
Don't wait to start protecting your organization's directors and officers.
Download this simple D & O insurance application form - the first step towards
ensuring the future of your most important assets.
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It CAN happen to you
Whether valid or not, as a front person for your
business, you can be sued at any time.
More often the personal assets of Directors and Officers
are being included in legal judgements, in what is known as
piercing the corporate veil.
Directors and Officers Insurance gives you the protection
you need as a corporate officer!
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