{"id":68,"date":"2011-11-21T16:25:44","date_gmt":"2011-11-21T16:25:44","guid":{"rendered":"http:\/\/www.mvragency.com\/blog\/?p=68"},"modified":"2011-11-21T16:25:44","modified_gmt":"2011-11-21T16:25:44","slug":"directors-and-officers-liability","status":"publish","type":"post","link":"https:\/\/www.mvragency.com\/blog\/directors-and-officers-liability\/","title":{"rendered":"Directors and Officers Liability"},"content":{"rendered":"<p><a href=\"..\/..\/otherprograms.html\">What is D &amp; O Liability?<\/a><\/p>\n<p>It is liability insurance to cover damages or defend costs, in the event a Director or an Officer suffer losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as a Director and an Officer for an organization. \u00a0\u00a0To explain in more laymen terms,\u00a0it insures \u201cBehavior\u201d in that the decisions of directors and officers are the matters of which often lead to covered claims.<\/p>\n<p>That is, an incorrect decision other lead to shareholder or employee discontent and, thus, a lawsuit against those\u00a0 directors and officer who make the decision.<\/p>\n<p>State law typically protects the directors and officers from Liability, but this does not mean that actions are not brought by private plaintiffs.<\/p>\n<p>Who is at risk?<\/p>\n<p>You do not have to be on the board of a fortune 500 company to be at risk.\u00a0 No!!<\/p>\n<p>What is shocking is that claims can occur to those that serve on local boards, most typically; Village Boards, Town Boards, School Boards, Homeowner\u2019s Associations or even serving on small Art Council.<\/p>\n<p>A claim can occur by a board member just for making a stupid comment about another person\u2019s character.<\/p>\n<p>If you serve on any board in any capacity it is your obligation to ask the organization in which you serve if you are covered for Directors and Officers Liability.<\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014-<\/p>\n<p>If you want more information on this subject you may call or contact the MVR Insurance Agency at <a href=\"..\/..\/\">www.mvragency.com<\/a><\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014-<br \/>\nVisit our site at <a href=\"..\/..\/\">www.mvragency.com<\/a> we would be happy to help you with your Directors and Officers liability needs.<br \/>\n\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2013<br \/>\nCall Scot McCartney or John Verrino here at The MVR Insurance Agency (914) 693-3500 because <strong>\u201cWe Are Here Before You Need Us\u201d<\/strong><br \/>\n\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2013<br \/>\nFollow us on Twitter @mvragency or subscribe to our YouTube Channel \u201cMVRAgency\u201d<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>What is D &amp; O Liability? It is liability insurance to cover damages or defend costs, in the event a Director or an Officer suffer losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as a Director and an Officer for an organization. \u00a0\u00a0To explain in more laymen terms,\u00a0it insures \u201cBehavior\u201d in that<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,71],"tags":[12,72,73,78,76,77,82,80,79,75,74,81],"class_list":["post-68","post","type-post","status-publish","format-standard","hentry","category-businessinurance","category-directorsandofficersliabilityinsurance","tag-business-insurance","tag-directors-and-officers-liability","tag-directors-and-officers-liability-insurance-2","tag-directors-insurance","tag-directors-liability","tag-directors-liability-insurance","tag-directors-risk","tag-insurance-risk","tag-liability-insurance","tag-officers-liability","tag-officers-liability-insurance","tag-officers-risk"],"_links":{"self":[{"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/posts\/68","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/comments?post=68"}],"version-history":[{"count":2,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/posts\/68\/revisions"}],"predecessor-version":[{"id":70,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/posts\/68\/revisions\/70"}],"wp:attachment":[{"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/media?parent=68"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/categories?post=68"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mvragency.com\/blog\/wp-json\/wp\/v2\/tags?post=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}